HDFC AMC spot CMP :- 2780
Study :- Elliot wave + Chart Patter + Price Action
Time Frame :- Weekly
Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels.
Demand zone as per price action, retest of previous breakout levels, basing formation.
Elliot wave :- Counter is trading in minor intermediate wave iii of major wave 3, current price levels have confluence demand levels as per price action and chart pattern. continuation of intermediate wave iii can be seen from current levels.
Study :- Elliot wave + Chart Patter + Price Action
Time Frame :- Weekly
Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels.
Demand zone as per price action, retest of previous breakout levels, basing formation.
Elliot wave :- Counter is trading in minor intermediate wave iii of major wave 3, current price levels have confluence demand levels as per price action and chart pattern. continuation of intermediate wave iii can be seen from current levels.