TangoTrader22
Short

HDFC Bank: Approaching Long term top

NSE:HDFCBANK   HDFC BANK INR2
NSE:HDFCBANK            

The impulse that started in early February is nearing completion.

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We are already seeing signs of RSI divergence on daily charts .

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More importantly, it is also completing 5 wave cycle, as seen on this weekly chart.

Most likely scenario is that we will see a final spike to 1260-80 zone followed by an extended downturn.
Comment: Exit longs in HDFC Bank

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Comment:
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Hi ,

Thanks for sharing this information.

Regards,
nandha
Reply
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