Market Structure Research — Not Predictions

Independent, educational analysis using Elliott Wave structure, time-based corrections, and trend context across global markets.

Wednesday, 4 February 2026

NSE – NIFTY 750 | HDFC Bank | 04 Feb 2026

 

Disclaimer

This is a structural update, not a directional call.


Overview

This post is part of the NIFTY 750 Market Structure Census, a long-term reference initiative aimed at documenting the dominant price structure of all stocks within the NIFTY Total Index universe.
The focus is on structural context, not forecasting or trade decisions.


Structure Position

  • Structure assessed from the earliest reliable price data

  • Monthly timeframe used to capture higher-degree behaviour

  • HDFC Bank continues to exhibit long-term impulsive characteristics without structural breakdown


Market Context

  • Historical corrections, including major stress periods, have remained contained within the broader structure

  • No evidence of higher-timeframe structural damage observed

  • Behaviour reflects a mature but intact long-term structure


Key Zones & Levels

  • Key reference zones derived from historical swing structure

  • Zones serve as contextual markers, not actionable levels

  • Structural relevance remains valid unless invalidated on higher timeframes


Expected Behaviour

  • Current behaviour aligns with structural digestion within a larger impulse

  • No assumption made regarding continuation or reversal

  • Observation remains limited to what structure confirms


Continuation Triggers

  • Structural continuation remains valid as long as:

    • Long-term impulse framework holds

    • No decisive higher-timeframe structural violation occurs


Invalidation / Risk Levels

  • Structural view would be invalidated only if:

    • Key long-term swing structure is breached

    • Behaviour transitions into a different structural regime


Conclusion

HDFC Bank is documented here as part of a neutral, long-term structural archive.
This assessment reflects observed structure, not expectations or predictions.


https://www.tradingview.com/chart/HDFCBANK/rZNtiN26-NSE-NIFTY-750-HDFC-Bank-04-Feb-2026/


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