HDFCBANK, Can we expect some recovery
Updated
If the 5th wave is completed with the previous support of 1210 - 1225. We can expect some upside recovery.
Corrective waves shown as a,b,c are just the directive guidelines.
Kindly confirm at your end before initiating the trade.
Corrective waves shown as a,b,c are just the directive guidelines.
Kindly confirm at your end before initiating the trade.
Note
That was real quickNote
If I am right, corrective 'a' wave was divided into 5 parts as shown in the chart. Although it's quite early to predict 5-3-5 correction. Possibly we can have 3 parts of 'b' wave coming up next. Please do take channel resistance into an account as well.
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