HDFC bank in day's ahead - part 2

This is a followup idea from previous analysis shared earlier, all relevant levels and comments marked on chart.

Wave Analysis, Parallel Channel , Fib Extension, Elliot Wave theory, Harmonic Patterns

Like and share the idea if you like it


Since it is closing outside the parallel channel, do we still see a possibility of having a reversal coming back towards 1200ish? Please advise.
bhalla1990 champvimal
@champvimal, possibility exists, it is not common for wave 5 to have channel over throw. But there is an alternate wave count also possible where we are already in larger degree wave 3
1340 done today, now depending on how BN behaves, next could be 1380 or 1300 - either side 40 point move
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