HDFC AMC Wave C of 2 Still in Progress, Elliott Wave Analysis

Stocks are in a bearish trend since the start of the year, after the Federal Reserve came out with a hawkish policy outlook to fight inflation . And other central banks have followed in the same decision, only adding to the bearish tilt.

However, if the recession risk gets worse then this policy may quickly come to an end. And should this occur, stocks may be looking for support after the first shock lower.

HDFC AMC next Downside fall till 1465 level (123.6% FIBO Extension)

Elliot wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.

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