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HDFC BANK LTD
Short

Better to book profit now and accumulate in the range 1611to1581

By sameerthatte
The price is in the monthly supply zone 1668.45 to 1651.2. The priced has moved up beyond Fib Extension 2.618 (Please see the wave marking on the chart and plot Fib extension from 5.3-5.4/1-5.5/2). Better to book profit now and accumulate in the range 1611to1581; This is Fib retracement between 0.7 to 0.786 (Considering yesterday's top 1670 to the low of 25-Aug-23, 1558.4)
Wave Analysis
sameerthatte

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