Long

HDFC Tripple Three Elliott wave pattern

Aktualisiert
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.
Anmerkung
Didn't break 1483 on hourly chart trade activated near 1500
Anmerkung
HDFC Hit 1560 party just getting started
Anmerkung
HDFC high 1731 nearly 250 points given today book 25% and hold tight for 1800+
Trade geschlossen: Ziel wurde erreicht
HDFC high made 1859
Elliott WaveSupport and ResistanceTrend Lines

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