Saturday, 7 July 2012

HDFC BANK WEEKLY CHART ANALYSIS UPDATED WITH ELLIOT WAVE COUNTS- JULY 06 2012













HDFC Bank has given a bullish diagnal pattern breakout and has started the third wave with targets at 616/646. The bullish view will get cancelled if the stockmoves below 549.

Mohan Raghav
CEO, Financial Markets Algorithms
Web: www.financialmarketsalgorithms.com
blog: fmatechnicals.blogspot.com/
Twitter: camohanraghav
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours

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