#HDFCBANK -1346

Weekly chart. If not restore above 1421. Than slide towards circle mark possible.

#Probability

#HDFCBank - From 2009 low of 70 - most likely completed 5 waves at 1705 (dividend adjusted values)

Also sitting on channel support, which should eventually break. Short term bounces though to be expected, fall is never in a straight line.

A drop to 700-800 is likely.

Have made one investment entry in HDFC Bank. Looking for 1180 zone for another investment entry.
#hdfcbank