Sensex
HDFC - Elliott wave analysis - Correction It is within correction mode and expected to go higher in complex or flat correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
HDFCBANK - Elliott wave analysis - sideways correctionIt is within correction mode and expected to go higher in complex sideways correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
Drreddy - Elliott wave analysis - Double top formation It ended with truncated ED structure resulting in sharp fall as wave A, which is about to finish soon. Wait for bounce of B wave to short sell for C wave down. It form the double top pattern, but need to confirm the neckline break after correction. The target zone will be 3850.