HDFC the financial major is in correction showing weakness in indicators, the MACD is having a negative divergence, the price is below the PF median line (subjective analysis but) which respect many supports and resistance shows its validity. Agreed?
My target for HDFC is 990 is a 38.2 retracement of all the Bull Run and I believe that it is completed a cycle wave in the past 8 years.
My target for HDFC is 990 is a 38.2 retracement of all the Bull Run and I believe that it is completed a cycle wave in the past 8 years.
Comment:
please read monthly* chart in above comment.
Theoretically the wave 5 if extended must retrace fully in speed.
Theoretically the wave 5 if extended must retrace fully in speed.
Please do not consider any of my views as a call for a buy or sell. Make your own analysts before you enter in to any trades, and just take this as an information to all loving my viewers.