Hi all, HDFC seems completed it's Wave 4 Corrective structure now we can look for 5~8+% rise of wave 5. In case Price break below minor low and sustain above trend line Buy trade is still valid.
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Happy Trading :-)
The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
We are in wxy correction , and y has impluse waves
This scenario can be played out little pump toward 8500 then re-dump to 7000-7200$
but the 5 th wave is trunked wave , so after some big movements we can say where it will go , stay tuned guys !! will update if anything dips
Short First & Long Later
Plan A –
Selling in 11685 -11710 for Targets - 11650-11660
Plan B –
Selling below 11650 for Targets - 11600-11615
Plan C –
Selling Below 11600 for Target zone - 11525-11540
Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000...