The chart here is the post demonetisation rally (jan 2017 onwards). 3 waves seem to be complete with wave 4 underway. My basic premise is that if wave 4 does a ABC correction then we could be starting wave C very soon (as soon as monday). This could take us to 1800 (200 ) and below.
Probable Long term EW count for hdfcbank is posted below
?? Chart is for educational purpose only. No trade is recommended or suggested??