HDFC retraced after a pull back to 38.1% fibo level on weekly charts. Harmonic Shark pattern is forming on weekly charts as well. IF rebounds from current levels, tgt1 will be the control price of the value area and after that 38.1% level. All the levels are mentioned in the chart. If it breaks this support on closing basis, possible tgt is 1.13 ratio of Shark formation which is also mentioned in the chart.
I deserve every right to be completely wrong. Trade as per your risk.
I deserve every right to be completely wrong. Trade as per your risk.
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