NeeteshJain
Long

DHFL - Positive Consolidation Breakout

BSE:DHFL   DEWAN HOUSING FINANCE CORPORAT
It has been observed that the price action consolidating in a range and now got a positive breakout above the resistance levels. Now, it shall further move up.

T1-640
T2-660
SL-600
Trade active
Sir mene DHFL 625 me buy kiya hua hai ye isse uper kab tak jayega please sir replay me
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sl gone
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NeeteshJain abhinavt09
@abhinavt09, Yes, once it closed below 600 then it shall further consolidate within the range. I have asked to covered longs in the telegram group where I updates my trade setups, link to it: https://t.me/Wtraders Thanks
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That small candle is positive brake??
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@kimara, Yes Sir
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kimara NeeteshJain
@NeeteshJain, Well in that case if its really Positive brake then it should continue , it did not ,
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@kimara, Yes, it suppose to go up but now correcting previous move. It is just indicating that buyers would continue the trend up and we shall observe healthy correction in between. The trend in this stock shall remain up until it breaks below the strong support of 570. Thanks
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matts1 NeeteshJain
@NeeteshJain, today looks like a good place to buy actually. nice bounce of the support
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kimara NeeteshJain
@NeeteshJain, Now what happen it came way below 570 and made 470 , then turned
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@kimara, Yes, it did show a strong pull back, and now we need to wait a close above 600 to continue upward trend. If it does not happen then it may slip down again due to selling pressure on the resistance zone of 570-580 levels. Thanks
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