**HDFC BANK — ELLIOTT WAVE ANALYSIS**HDFC Bank LimitedNSE:HDFCBANKRitikAlphaX📊 **HDFC BANK — ELLIOTT WAVE ANALYSIS** **Timeframe:** 15 Minutes **Current Price:** ₹709.95 **Market Structure:** Ascending Channel 📈 🔹 **Wave (1):** Initial bullish impulse 🔹 **Wave (2):** Corrective pullback 🔹 **Wave (3):** Strong upward move 🔹 **Wave (4):** Price testing ascending channel support 🔹 **Wave (5):** Potential bullish continuation 🎯 **Potential Target Zone:** ₹727–730 **Technical Outlook 📈** HDFC Bank is trading near the lower boundary of an ascending channel. If support holds and bullish momentum returns, the price may move toward the upper channel resistance. **Key Levels to Watch:** - **Support:** ₹708–710 - **Resistance 1:** ₹715–718 - **Resistance 2:** ₹727–730 ⚠️ **Invalidation:** A sustained breakdown below channel support could weaken the bullish setup. Watch for price-action confirmation before assuming Wave (5) has started. *Educational analysis only. Not financial advice. Elliott Wave counts are subjective.* #HDFCBANK #NSE #ElliottWave #TechnicalAnalysis #PriceAction #TradingView #RitikAlphaX