Triangle pattern breakout in HDFC AMC:- Alternative view
Updated
Elliott Wave Analysis:-
As we said in previous view :-
"if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked."
2nd View took place and one correction wave was completed.
we may expect a retracement to the level of 2695 - 2720.
else we may expect an impulse move from here and we need to wait and watch the wave formation.
As we said in previous view :-
"if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked."
2nd View took place and one correction wave was completed.
we may expect a retracement to the level of 2695 - 2720.
else we may expect an impulse move from here and we need to wait and watch the wave formation.
Note
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.Note
half a way to the target.3.65% in 5 days from the bottom
Trade closed: target reached
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