Hi friends,
Today i would try to count elliott waves of HDFC bank.
This is super heavy weight in Nifty as well as bank nifty.
So knowing about this movement helps much in nifty movement.
Lets see the chart of HDFC BANK.
We can see from the chart
my expectation wave wise.
I think we are in e leg of
larger degree wedge or
diagonal.
As long as the stock holds
above 650 a rise towards
700-720 is open ,We should
have a dip coming in from
680-690 levels towards
650 making b wave after a .Lets see how stock moves in coming days.
Regards
Rish
Today i would try to count elliott waves of HDFC bank.
This is super heavy weight in Nifty as well as bank nifty.
So knowing about this movement helps much in nifty movement.
Lets see the chart of HDFC BANK.
We can see from the chart
my expectation wave wise.
I think we are in e leg of
larger degree wedge or
diagonal.
As long as the stock holds
above 650 a rise towards
700-720 is open ,We should
have a dip coming in from
680-690 levels towards
650 making b wave after a .Lets see how stock moves in coming days.
Regards
Rish
Sir whats your analysis on Coal India at present ?
ReplyDelete