HDFC is currently in wave 5 and can start corrective move from 1245/1265/1305.
Rule Wave 1 & 4 don't overlap is passed
Wave 3 > Wave 1
Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart.
Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618
Further details in Chart!!
Rule Wave 1 & 4 don't overlap is passed
Wave 3 > Wave 1
Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart.
Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618
Further details in Chart!!
