Short
HDFC Analysis (NIFTY)
Updated
HDFC can show a very steep up move once it comfortably breaks the support zone marked as dotted blue line at 1974 in the chart and also breaks the horizontal trend line above it. It is presently in the 5th wave of elliott wave of a smaller degree which also strengthens our analysis. We can get a very good trade setup to the upside with strong momentum once the above mentioned conditions are fulfilled. For more updated on various stay tuned.
Trade closed: target reached
moved in the direction as analysed and took no time to reach intraday targets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.