On the verge of Collapse - HDFC Bank

HDFC Bank on just closed on the long held trendline running since year 2020 lows.
On last trading day, Friday, it just closed on the trendline mentioned above.

If we continue with bullish wave count, as shown on charts, then this is the last chance for HDFC Bank to bounce from here to maintain and continue this bullish count.

Below this trendline, the wave counting will be changed to bearish counts, which I will update later if required.

Interesting next couple of weeks.

Stay cautious with ur positions with this script.

Trade active:

So the bullish wave count is still valid and active.
As expected it bounced from the trendline as mentioned.

Can continue longs with this script.. and now to be honest.. I am expecting new High to be seen soon in this.

For the moment lets just ride it.
All the best.

Trade active:

Finally got it moving after a long wait.
Still this count is looking valid so far, will only change the count and view if it starts trading below the trendline its holding since corona lows.

Should see some good move with this in coming days and weeks.

All the best.

Trade closed manually:

Close the longs with this stock.
It may start travelling towards south very soon.

Will update with wave counting after confirmation of the downmove in next week or so.

Thanks and all the best.