Akhil008
Short

DLF | Resistance

NSE:DLF   DLF LIMITED
Trendline resistance at current level of 185 in hourly chart, which is also a resistance when Daily price action is considered. Can go short now with tight stop with 173 (support is daily time frame) as target.
It did hit 173. Does it mean that reversal will be there from this level
Reply
Akhil008 JigneshRawal
@JigneshRawal, I wouldn't assume it as a reversal. 173 is a good support in daily frame, while 185 is a resistance which can extend up to 190. Hence the stock might trade within that price range for a while. My view will be to buy at 173 with tight stop with 185 as target and sell at 185 with tight stop with 173 as target until any of the level is broken. Daily close will be more important (as you can see today, low is around 168.50 but still managed to close above 173).
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out