It seems that Bullish Cypher harmonic Pattern
(which is highly reliable and accurate) is under formation in DHFL
. Leg XA, AB, BC
has been formed and Leg CD is under formation. If the prices touches and reverse from 220 ( Potential D point, which is at 0.786 retracement
of XA) , it would validate the pattern. If price goes below the 220, it would invalidate the pattern.
On 19th December, DHFL
has given a breakout and given a good up-move. Expecting it it continue the Up_move
after reversing from point D.
Declaimer : This analysis is for education purpose only.