HDFC Bank: Approaching Long term top

2016년 7월 24일HDFCBANK

The impulse that started in early February is nearing completion.


We are already seeing signs of RSI divergence on daily charts.


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.

2016년 7월 25일

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Exit longs in HDFC Bank

2016년 8월 1일

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