HDFC Bank: Has the bull run countdown begun?

25 mag

For the past four and a half years, the stock has been consolidating. The stock is clearly in the 5th wave. We now need to ascertain our current position within the fifth wave.

It made several unsuccessful attempts to surpass the psychological threshold of 1700. The most recent attempt (wave AB) was unsuccessful once more. The way it plummeted to point C after that was really intriguing; it exactly matched wave C's personality. Thus, assuming the preceding analysis is accurate, minor wave 3 of major wave 5 has begun.

Trading Strategy- Positional trades: buy on dips with a stop loss below 1350. We may aim for the target at 2200.

Notice: This analysis is meant only as a teaching tool. Please speak with your financial advisor before making any decisions on investments. I will not be responsible for any loss incurred

3 giu

Nota

As per our analysis, HDFC Bank has begun to move. In just two days, it has moved 5%, indicating the wave 3 characteristics. Perhaps in this third wave, it will make new all-time high

19 giu

Nota

HDFC Bank has efficiently bridged the gap caused by recent negative news and is currently demonstrating strong momentum. As previously mentioned, there is a possibility of reaching an all-time high shortly after consolidating at this level

25 giu

Nota

HDFC Bank has moved ~10%, from our entry points. As previously mentioned, there is a possibility that it may reach an all-time high. It would be prudent to maintain our current position until it reaches a new peak. I will provide updates regarding any potential opportunities for re-entry/pyramiding in the event of favorable pullbacks.

3 lug

Nota

As per our previous ananlysis,HDFC bank has reached an all-time high. Lets see if it reaches our initial target of around 2200