HDFC Bank preparing for a deep correction
Updated
According to Elliot wave the current leg is the C wave. Whenever the stock is making a series of 1's an d 2's it is preparing for a big move. Right now the stock is at 61.8% fib support at 1466. Below this I think we will get a minimum 100 pts fall in a jiffy,
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The rally is done in my view. The stock should resume its down trend. Thats a flat corrective pattern on the hourly chart which is complete.
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