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HDFC Bank Stock analysis, via Elliott wave theory

After forming a higher-high the stock has made next peak lower Presently if the stock move above 1071 it can be still bullish.
Wave 4 was finish at 942.65, Wave 5 is 0.78% of wave 4. In wave 5 mentioned a sub-wave with roman latter. A is retraced the range at 100% to1.61% of wave 5.
Wave b is 61.8% of wave A.
Wave 4 can not overlap wave 1, but sometimes it overlaps still follow Elliott wave theory, wave 2 can never exceed the start of wave 1.

Information on Elliott waves trading analysis to read click here 

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  1. nice analysis! I will definately track this stock and try to catch the correction! thanks for notification :)
    Always looking for stocks which evolve nicely to EW-theory :)

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    1. I have seen your chart yesterday and I have sold HDFCBANK stock and now I am in profit,
      Thanks for share with me your view

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