HDFC Bank has moved to break ATH since the last update on April 19, 2024. This adds confidence to the idea that the bulls have control. Have adjusted the count a bit as it seems to nesting in a 1-2 1-2 pattern. This one was a very low risk to reward trade, and has been playing out beautifully if you followed the plan as laid out in 18th January post. Shall update...
3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...
Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up! Almost at the golden pocket, let's see how the price reacts from there. Great setup in my opinion with a clear invalidation level. Nothing much more to say, will update in a few days. Thanks for reading!