#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.
More from Harsh / 허쉬
How do you select stocks to invest in this stage of market?
Use 3Bar High on weekly candle to invest with stop at 3Bar Low.. 👇
Use 3Bar High on weekly candle to invest with stop at 3Bar Low.. 👇
One of the fairly easy and convenient method for investing is 3 Bar High/Low method on weekly candles.
— Harsh / \ud5c8\uc26c (@_Harsh_Mehta_) March 26, 2021
Buy when stock price goes above High of previous 3 bars, continue till trend continues week after week, and sell out when Price goes below Low of previous 3 bars. pic.twitter.com/nnVCbMi84C
#tatasteel - I expected 3rd to be over at 1246 and fall below 900 in 4th. But retracement was not enough. And hence the 3rd continued till 1481. May be inch a little higher but fair to call end of 3rd round about here.. 4th should take it to 1000 https://t.co/NWDc24fjJn
#Tatasteel - 2 possible count options -
— Harsh Mehta (@_Harsh_Mehta_) June 8, 2021
Bearish - 5 waves complete (RED) and bigger retracement towards 700
Bullish - 3rd over (BLUE) and 4th goes towards 900 and then 1500+#Nifty https://t.co/ETBkbUkCO8 pic.twitter.com/an2EoHHxnU