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

Aug 7, 2022

Let's get started with this beautiful Sunday Morning with an exciting idea on "Bank Nifty - Will if follow in the footseps of HDFC"

By the end of this short video, you would realise that BankNifty could be unfolding similar structure once done for stock -HDFC in early 2021 / 2022.

Hope, this long term idea attempts to answer our colleague's @punterpk unsettling questions. Thank you.

Have a lovely day ahead. Thanks for watching.

Aug 17, 2022

Note

11:50 Hrs / 17th Aug 2022

HDFC Last @ 2477

HDFC A classic case of bearish hidden divergence cannot be ruled out & chances of unfolding is very strong so traders be careful at the tops of 2480-2550 zone & once fall starts we expect deep correction to 2025 lows. It may sound funny at this stage as bulls holding strong.