Short
HDFC - SHORT SELL IN SHORT TERM - TARGET OF 1645
FOLLOWING ARE THE OBSERVATIONS IN HDFC.
1. THE DOWNMOVE FROM 2050 SEEMS TO BE AN IMPULSE WHICH SHOULD BE WAVE A.
2. IF THAT IS THE CASE, WAVE B SHOULD NOT RETRACE MORE THAN 61.8% OF WAVE A, WHICH GIVES THE MAXIMUM PRICE TO BE 1900
3. THE C WAVE IN ABC UPMOVE IN A SMALLER TIMEFRAME, WHICH IS A PART OF THE BIGGER B WAVE SEEMS TO BE MAKING AN ENDING DIAGONAL, WHICH RESTRICTS THE 5TH WAVE OF THIS C WAVE TO A MAXIMUM OF 1897
CONCLUSION
HDFC CAN BE SOLD WITH A STOPLOSS OF 1900 FOR A TARGET OF 1645. A RR OF 1:18, :-)
1. THE DOWNMOVE FROM 2050 SEEMS TO BE AN IMPULSE WHICH SHOULD BE WAVE A.
2. IF THAT IS THE CASE, WAVE B SHOULD NOT RETRACE MORE THAN 61.8% OF WAVE A, WHICH GIVES THE MAXIMUM PRICE TO BE 1900
3. THE C WAVE IN ABC UPMOVE IN A SMALLER TIMEFRAME, WHICH IS A PART OF THE BIGGER B WAVE SEEMS TO BE MAKING AN ENDING DIAGONAL, WHICH RESTRICTS THE 5TH WAVE OF THIS C WAVE TO A MAXIMUM OF 1897
CONCLUSION
HDFC CAN BE SOLD WITH A STOPLOSS OF 1900 FOR A TARGET OF 1645. A RR OF 1:18, :-)
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.
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.