Wave Count on HDFC AMC
Observations:
-> Elliott wave (5 Wave count)
-> Major Resistance at 1972 turned in good support.
-> Used Cyclic Timeline (Probably trend reversal)
-> Short term major resistance at 2800
->Targets based on Fibonacci
-> Elliott wave (5 Wave count)
-> Major Resistance at 1972 turned in good support.
-> Used Cyclic Timeline (Probably trend reversal)
-> Short term major resistance at 2800
->Targets based on Fibonacci
Note
1970 can be strong support.Note
T2 reached, chart is still bullish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.