Niftydirection

HDFC Tripple Three Elliott wave pattern

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Niftydirection Actualizado   
NSE:HDFC   None
HDFC LTD is trading in range and has made Tripple three 5 Elliott wave pattern in which waves W, X, Y, XX, Z are formed.

This pattern usually a little shifted in opposite direction of preceding trend (here it was down) hence you would see dotted orange trend lines.

Entry near 1520-1490. If on hourly chart closes below 1483 exit. Target 1690(Unfilled gap near 1705) by expiry,1845, 2000-50+.

Max pain for may series at 1600 right now 1500 major support as per option chain.
Comentarios:
Didn't break 1483 on hourly chart trade activated near 1500
Comentarios:
HDFC Hit 1560 party just getting started
Comentarios:
HDFC high 1731 nearly 250 points given today book 25% and hold tight for 1800+
Operación cerrada: objetivo alcanzado:
HDFC high made 1859

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