WaveTalks-HDFC- The Connecting Moves (Wave Analysis)Short Video Outlook on HDFC
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22nd Jan 2022
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4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle.
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Expectation
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Wave 5 Expected Post Penultimate Wave - Targets achieved 2650 / above 2777 - 2900+
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Outcome
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Achieved - Wave 5 Topped at 3021 Highs in Nov 2021
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9th Nov 2021 - HDFC -Wave 5 - What it could be unfolding ?
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Expectation
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Some kind of Topping Out Pattern Ending Wave 5 & The Impulsive Sequence Starting from 1473 Lows in March 2020
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Outcome
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Topping Out Pattern in Wave 5 Unfolded as Ending Diagonal & Topped at 3021 Highs in Nov 2021
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What Next ?
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Ongoing Corrections unfolding. 2540 could be a possible short term support as it unfolds
Piercing Candlestick Pattern - Reversal Pattern
Rising Trendline Supports
Few days of possible upside moves can be expected next as India has Budget 2022 & Break below 2541 can make stock slip & retest 2380-2400 support zone. Getting upside bounce from 2541 -partial targets to be booked at 2650 & 2750
Thanks & Have A Lovely Weekend
Community ideas
WaveTalks-Nifty-Bearish Bat Harmonic Pattern at 16665This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390.
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Last Nifty Video Idea
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Hope you enjoy the video. Good Night!!!
How to buy dips?In this video I talk about how we can find good buying opportunities when the markets are witnessing correction. I'm using 10,20,44 Exponential Moving Averages on my chart along with RSI(14) indicator. On the screener we are looking at stocks which have Market cap greater than 50 Billion & sorting the 3 month performance from high to low. The rationale behind this is identifying stocks with good momentum.
P.S. Please pardon me for my voice, I'm down with fever and tried my best to not cought & record this video.