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Breakout expected.

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Its 4 th wave pull back over which was a complex correction.
It is likely to take out 3 rd wave high which is at 1708
and move higher.
Due to tech weightage adjustment in FTSE. expected inflows of $650 million in to hdfc bank.
The chart is in weekly time frame.
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This posy is not for intradaay.

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it is rising

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Slow and steadily it is rising.After forming initial 1,2 and 1,2 it has been rising forming higherhigh and higer low barring one day where it was inside bar day.
It is its third wave as obvious from the chart and 3rd ofThe third wave is in progress,
It is difficult to say where this 3 rd of third wave will end .After that there will be pullback for 4 th of third wave,The above is daily chart.

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it may correct another one or twodays.

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4 th wave retracement,C wave in progress,

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overlapping of waves this can not be 4 th wave,three wave rise was not impulsive.

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there is complex correction.Break down of hdfc bank is taking place.It is likely to violate 1500.it is becomimg a value buy for investors for long term portfolio.
For investors not for traders.

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