HDFC BANK this may decide the course of bank nifty
Updated
This is one stock which is loved by fii and reverse too.
after touching 1700 plus after that mega merger it is declining continuously.
Its wave counts more or similar to bank nifty
of course it has declined much in comparison to bank nifty.
with declaring robust result can it rise?
it is falling little short of 61.8 percent retracement level
can it touch and bounce?
I have attached daily chart with it .
if it bounces it is positive for bank nifty too
this chart is in weekly time frame.
after touching 1700 plus after that mega merger it is declining continuously.
Its wave counts more or similar to bank nifty
of course it has declined much in comparison to bank nifty.
with declaring robust result can it rise?
it is falling little short of 61.8 percent retracement level
can it touch and bounce?
I have attached daily chart with it .
if it bounces it is positive for bank nifty too
this chart is in weekly time frame.
Note
Note
HDFC bank right at the median line of pitch fork.
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