HDFC BANK LTD.Long
hdfc possibility of retracement between 2150-2175 levels
Updated
HDFC bk looks falling down to 2150-2175 levels with real good support around 2150. If you follow the pink line joining the end of wave 4 and top of wave 1, you'll see there have been multiple attempts to break the strong resistance and once it was broken, the rally was strong to 2500 levels where it retraced sharply. Taking long position if it falls to 2150-75 and targetting 2280-2300 which is 0.382 fib retracement from top. If it breaks the support zone of leg 1 resistance, test fails. So will keep stop at 2130.
Note
Went as planned. Can close shorts now.
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