HDFC Bank CMP 1769
I had posted previously how this stock has turned negative on higher time frame charts. Now it is set on the daily charts as well.
Elliott- The first correction from the highs is a bullish zig zag. It is followed by another corrective pattern which is a bearish zig zag. Hence a fresh three wave fall ABC should begin from here.
Fibs- the current zone and the next at 1769 are both fib confluence zones and hence strong resistance.
Channel - the stock is also at channel resistance as well.
Conclusion - In my view it will break the 1600 zone this time around.
I had posted previously how this stock has turned negative on higher time frame charts. Now it is set on the daily charts as well.
Elliott- The first correction from the highs is a bullish zig zag. It is followed by another corrective pattern which is a bearish zig zag. Hence a fresh three wave fall ABC should begin from here.
Fibs- the current zone and the next at 1769 are both fib confluence zones and hence strong resistance.
Channel - the stock is also at channel resistance as well.
Conclusion - In my view it will break the 1600 zone this time around.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.