DLF Trading in Bearish Trend

DLF after a long up trend journey broke at 158.00 and retested this level to breach further up move but remained unable to further move, it seems to have established down trend and approaching its support at somewhere between 125-122 in near term, risky trader may go short in this stock at CMP,conservative trader may wait to breach the falling wedge and wait for the stock to reach around 150-152 and then short for a target of 122.00, before shorting do wait to reverse the trend if breakout occurs exit with small stop loss.


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