Long
HDFC Analysis - 5th Wave Opportunity
Updated
HDFC (Closing Price: 2896.15)
According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 - 3049 - 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.
According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 - 3049 - 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.
Note
HDFC has reached the first target of 2986 and made a high of 3002.
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