forextidings

HDFC Analysis - 5th Wave Opportunity

Long
NSE:HDFC   HOUSING DEVEL FIN
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.
Comment: HDFC has reached the first target of 2986 and made a high of 3002.

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