Short

HDFC Bank: Approaching Long term top

Par TangoTrader22

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The impulse that started in early February is nearing completion.

snapshot

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.

Note

Exit longs in HDFC Bank

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Note

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