HDFC LTD Real Time EWT Analysis

9 thg 3, 2022

HDFC Ltd EWT Analysis
HDFC is Large-cap stock

Wave (1) beginning from 1482 to 1950
Wave (2) Retrace 0.786% (1630) and not break starting point of wave one.
Wave (3) Wave third is the longest wave it starting point of the ending point of wave (2) from 1630 to 2896 which is 2.618% Fibonacci extension and internal structure is 12345 waves.
Wave (4) wave (4) Retrace 0.618% (2046) and it is flat correction ABC
It is Irregulars Flat correction

Flat Correction Rules and Guideline

Flat correction 3-3-5 waves structure labeled ABC

• Subdivision of waves A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B terminates near the start of wave A
• Wave C generally terminates slightly beyond the end of wave A (rules break)

Fibonacci Ratio:-

• Wave B = 1.236% of wave A it may in irregular flat
• Wave C = 61.8%, 100%, 123.6% or 1.618% but do not close below 1.618% level it may be impulse wave of wave AB

Hence Wave ((C)) is 5 waves structure 12345 in lower degree and Extension level of irregular flat 1.618% but price tread an important level it is Support of base channel and does not enter in wave (1) territory I think 4th wave ended here abc structure may be developed and the price goes for 5th waves and upper ended of trending channel. stop-loss below 2050 ending point of wave (4) Risk must be followed.

Disclaimer
It is my Analysis Before investment or tread plane please guide your finance adviser
Thanks