HDFC Corrective WAVE in Progress.

HDFC : @ 1549.30
Correction witnessing in HDFC.
Some Reason:
Fundamentally Q4 was not so Good.
Trailing Twelve Months Net Profit Variation 5%
Latest Quarter (03/2017) Net Profit Variation -22%
Sales Growth: 2.71%2.71% (FLAT), (Yearly: 33159.6, Latest Quarter: 8514.51)
Stock Performance YTD: 33% Approx.

Technically:
After Completion WAVE - 5 @ 1591.85 on 03 May 2017
ABC pattern is likely in Progress.
Laggard Indicators Like MACD Generate Sell signal.
RSI & Other Indicators are OVERBOUGHT.

DN Side TGTs:
Intraday: @ 1535.00, @ 1527 - @ 2521 (Strong), @ 1505
Positional / Short term: @ 1494, @ 1451, @ 1422-

İşlem aktif:

HDFC traded @ 1520 (Mentioned "Strong", though by Type mistake it is "TYPED @ 2521"). sorry for that.
Made a low @ 1515 (Nearer to Bounce Zone #1, Mentioned in Chart)