HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
Comment:
Wave (B) has taken an (ABC) correction and is testing strong resistance at 2120. ABC correction waves can be complex. If it fails resistance. The (C) correction will be imminent.