NeeteshJain

DHFL Breaking Out to New Highs on Monthly Chart

Long
BSE:DHFL   DEWAN HOUSING FINANCE CORPORAT
As per today's price action, high buying pressure has broken through the resistance level of 283 and made a monthly close above previous resistance level of 283 that indicated strength and bullishness. It is also be noticed that the new wave has arrived after ABC correction showed in above chart. It means that this breakout can state the beginning of a new wave that shall take price action higher.

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