HDFC Bank CMP 1989
Fibs - on the left the box has been made from the fib confluence which ended 2011. On the right is fib ext whose 1.5 is at 2009. Both made from diff zones but the result is the same.
Conclusion - Since composite has made a negative divergence on the monthly charts, expect a decent correction in this counter. In my view 1765 is the minimum as of now. Looking at this chart I can say with loads of confidence that BNF and Nifty are not making new highs.
Fibs - on the left the box has been made from the fib confluence which ended 2011. On the right is fib ext whose 1.5 is at 2009. Both made from diff zones but the result is the same.
Conclusion - Since composite has made a negative divergence on the monthly charts, expect a decent correction in this counter. In my view 1765 is the minimum as of now. Looking at this chart I can say with loads of confidence that BNF and Nifty are not making new highs.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.