HDFC is Good Time OVER?
HDFC: @ 1647.5
Nearer End of EXTENDED WAVE - 5 at @ 1643 To @ 1679,
Fib EXT of 1.13 - 1.272 Respectively.
Trading Near Median (VIOLET Dotted) (@ 1625) of Parallel Channel.
Technical Indicators (Both Laggard & Lead) are OverBought.
ICHIMOKU Tenken (Conversion Line -Sky Blue) & Kijun (Base Line - Merun) turns flat.
In Hekin Ashi Reversal Candle. (Though Not plotted in Chart).
more on the chart.
SHORT Zone & Target Plotted in Chart.
Strategy for Future Trader: SHORT Future + Long 1680CE / 1700CE.
Intraday levels (Future Basis):
Resistance: @ 1654, @ 1660, @1669, @ 1675 - @ 1679
Support: @ 1645, 1640, @ 1633, @ 1627
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