Wave counts for nifty Wave (3) of 5 in play. Once wave (5) of 5 is done, we could see lower levels, upside days are now limited, though wave 3 can keep having internal extensions, let's see how it unfolds
Long is high probability trade above 2225 for 2300 targets. Would take profit slightly before psychological round number 2300 kicks.
EWT wave counts for HDFC bank, expecting new ATH in coming weeks
The white line was acting as falling support and now expected to change role to resistance. A successful breakout above this line would open up path for 1800/1810, failing to overcome this resistance the fall can continue towards lower support of 1780/73.
Having reversed from harmonic ABCD and strictly following the dynamic support line, price is now 180. Key level to watch is 200 - .786 Fib of ABCD + psychological level + multi month resistance. 20% move can be seen on either side of 200 depending on how it behaves around it. Above 200 will look for 240, 240-250 would be profit booking, and strictly above 250...
Above 1922, target open for 1930/40 Refer previous idea for context
Looks like the fall today made a Low around 1900, reclaiming 1910 and overcoming trendline resistance would open gates for 1920/30 again
MGL is in the sweetest spot any financial instrument can ever be, Wave 3 of 3. Get ready for explosive upside, stay invested
As per charts and previous idea chain
All details and wave count marking as per chart
All details on chart, Break out of a very long term resistance line, so upmove is only a matter of time. Would it allow you a good entry chance at 155-165 zone again? Let's see and stay hopeful. Essence of Marked levels would immediately come clear on a daily time frame chart
Details as per chart