HDFCBANK Elliot wave analysis for 04/01/2018

3 gen 2019

HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.

4 gen 2019

Nota

Wave (B) has taken an (ABC) correction and is testing strong resistance at 2120. ABC correction waves can be complex. If it fails resistance. The (C) correction will be imminent.