nirav5

HDFCBANK, Can we expect some recovery

NSE:HDFCBANK   HDFC BANK
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1
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.
Comment: That was real quick
Comment: 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.