DHFL Looking to scale new highs ?

DHFL on weekly and daily charts has broken a two year range. Volumes are good on a daily chart . Looks set for new highs going fwd .


It will be consider as a bullish Wave breakout only if it manages to close above 285 levels at the week end. The price action has already completed Zig Zag correction pattern prior to this up move and I believe it shall close above 285 levels at the weekend. Good Analysis, keep it up. Regards.
sudhansrini NeeteshJain
Thx and good to have confirmation with Elliot wave theory. Is it right to say that it is now in 3rd progressive wave ? Also todays price action indicated all profit booking is complete and the counter managed to bounce back after testing 285 breakout levels
+1 Reply
NeeteshJain sudhansrini
As per the monthly chart, it confirmed a positive breakout with long green candlestick that indicates strength and bullishness. Now, It is true to say that there is high pressure of buyers in price action which is taking prices up.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out