HDFCBANK - LONGTERM VIEW AS ON 15 DEC 2018 HDFCBANK SEEMS TO BE MAKING A TRUNCATED 5TH WAVE IN THE C WAVE. IF IT DOES NOT BREACH 2142 BEFORE IT BREACHES THE RED 2-4 TRENDLINE (OF WAVE 5 OF WAVE C), IT IS IN FOR A DEEP TROUBLE. THIS WILL IMPLY THE BELOW 1. IT IS MAKING A TRUNCATION, WHICH WILL TAKE THE STOCK PRICE BACK TO 1885 PRETTY QUICKLY. NEED TO OBSERVE THIS...
hdfc bank bullish on chart icici bank neutral / bearish on chart
at peak seems like falling back and price action suggesting clearly ,just need to wait for confirmations and entry.
hdfc bank is looking week at the moment , we may see more downside into it in next few days
Its a short term analysis based on price action
buy at 1920 view is personal call is always positional.buy it and tsl it to cost.
It took support from bottom line of falling wadge , looking bullish , macd and rsi confirm tthe same
2nd CALL - Closing below 2065 next target 2009. SL any candle that closes above 2065/- exit the trade.
H&S breakdown and descending line Looking to short close to line with stop loss 2079 Long 2100 PE and short 2000PE