abhishek_sh4

Wave Count on HDFC AMC

Long
NSE:HDFCAMC   HDFC ASSET MANAGEM
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
Comment: 1970 can be strong support.
Comment: T2 reached, chart is still bullish

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