sgor1980

DHFL: Sell Or Short @354 Target @325 SL @365

Short
NSE:DHFL   DEWAN HOUSING FIN
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1
Dear Readers,
A divergence on daily basis has been witnessed in the stock of DHFL , whereby the current price is higher than the previous top, while the current MACD of new top is lesser than previous top, please refer to the chart for the same.
It is expected that the resistance line drawn on the MACD indicator would not get crossed as well as the upper resistance line drawn on the price chart will not get touched or breached. The price for the upper resistance line, in continuation of the current trend until tomorrow, comes around 364.
It is expected that the stock would witness a sharp fall in next 3-4 working days and the start point price of the current last leg of the wave, i.e., 324.55 will get touched at first in the expected fall.

Disclamer:
All views, charts, comments, post or any materials of any kind discussed, published, posted and/or commented are for educational purpose only and not meant to be an advice to trade.
Trade active: The stock has witnessed a minor breach of the stop loss point, however the short position created at or above 354 shall be kept intact and a revised stop loss in this regard shall be kept at any decisive move, with volume, above 372.
Trade closed: stop reached

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