gr.sanjeevkumar

DLF (Daily) | Trending UP

Long
gr.sanjeevkumar Updated   
NSE:DLF   DLF LTD
2 Lower TLs (Black thick) providing a very strong support between 178 - 179.
A hammer formed around the TLs and price bounce showing a bit of bullishness!
RSI also taking support around the TL during the same timeline.
50EMA crossing 200EMA from below and is at a converged spot, adds bit more bullishness!
Stock going up from here and crossing 184, can go up to 187 - 192 - 196.
On the contrary, a close below 178, can find support around 175, 164.

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Comment: Broke down and taking the contrary view!
Closing below 174 - The next support is between 162 - 165.
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