HDFC Bank: Approaching Long term top
Diupdate
HDFCBANKThe 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.
Catatan
Exit longs in HDFC BankCatatan
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