HDFC- Cracks from The Top of 2507/ Hidden Divergence (Y-Wave)

Sep 28, 2022

Hidden Bearish Divergence

This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).

When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.

What we expect next?

As suggested earlier on 17th Aug 2022 video idea that the correction could be deep towards 2000 levels & has to be reviewed at certain intervals as markets are too volatile.

The last related idea can be checked below

Thank you


Related Idea for HDFC

Bank Nifty - Will if follow in the footseps of HDFC?

Sep 28, 2022

Note

Tops at 2507 Highs on 16/17th Aug 2022- Snapshot

Sep 28, 2022

Note

10:28 am / 28th Sep 2022

Last @ 2256

Intraday there is a support of 200 DEMA (Daily Exponential Moving Average) for the stock between 2232-2242

If support is intact, stock can do short term bounce upside for few sessions.

Thank you

Sep 28, 2022

Note

12:36 pm / 28th Sep 2022

Last @ 2276

As expected - short term bounce is running holding above 200 DEMA as suggested last

Thank You