amankavi
Long

Dhfl - Double bottom and rising wedge breakdown REVERSAL ?

NSE:DHFL   DEWAN HOUSING FIN
Scrip has shown some sign of reversal with green candlestick engulf at the downtrend although the real body of green candlestick closed at below of preceeding candlestick so will wait for further confirmation before entering at entry range defined in chart towards resistance levels


Comment: Although fundamentally strong company showing growth YoY
http://www.livemint.com/Companies/fI2atoLDBURpGVqC5X5ZrI/DHFL-Q1-profit-grows-29-to-Rs260-crore.html
However, One needs to take care of Nifty bearish trend if it persists as seen during past sessions, which can victimize the scrip bullish possibility
ETF fund pumping lots of 💰
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