HDFC Bank breaks all time highHDFC 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 as price further develops.
Thanks for reading!
Hdfcelliottwaveanalysis
HDFC Bank, Playing out well3 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 risk.
Shall update as price develops further.
Thanks for reading :)
HDFC Bank simplified! Too much panic.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!