ShreeKrishna

End of One degree of Wave Principal

NSE:HDFC   HOUSING DEVEL FIN
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One of the Most interesting hypothesis used in Stock market is Wave theory , and it reflects very indicative repeating pattern

Now after its immediate brake form Consolidation price moved up in 5 wave passion , which meets the guidelines and other Indicative system know as
Fibonacci system

Now the current drop is at the middle of the junction , I am looking it will high likely pause and make one short move up ( usually we call it as Internal move of corrective structure ) and look for continuation of the trend in the current direction

by saying this as it will move up for short duration move , its not a good advise to look for buy , rather one can look for short sell set up once completes this short duration move

Look for trading in the major trend direction

Good luck

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