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HDFC BANK LTD
Short
Updated

HDFC Bank: Approaching Long term top

159
HDFCBANK

The impulse that started in early February is nearing completion.

snapshot
We are already seeing signs of RSI divergence on daily charts.

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More importantly, it is also completing 5 wave cycle, as seen on this weekly chart.

Most likely scenario is that we will see a final spike to 1260-80 zone followed by an extended downturn.
Note
Exit longs in HDFC Bank

snapshot
Note
snapshot
TangoTrader22
BANKNIFTYHDFCNIFTYnifty50nse

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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.
BANKNIFTYHDFCNIFTYnifty50nse
TangoTrader22

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.