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xclusiv_abhi
Apr 6, 2017 6:17 PM

DLF - Likely breakout Long

DLF LTDNSE

Description

Weekly downward trendline broken today, hope it holds for the weekly closing. Move above 160 will bring further buying in d stock. Target 180-200-220.

Trade active

First move has begun and can test resistance of 167-68 zone. Keeping holding long positions.
Comments
sunilshinde1304
Sir should we treat as breakout
xclusiv_abhi
xclusiv_abhi
@NeeteshJain @dravya Invite your views.
dravya
@xclusiv_abhi, the setup is good and as you suggest follow through likeliness in good. But personally, I wouldn't go in right now as I am a short term trader and it has already given a good move. RR reduces.
dravya
@dravya, this is a more valid trendline though

xclusiv_abhi
@dravya, Has the trendline now broken for you for the stock to head higher.
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