Get started
DLF LTD
Short

DLF Breakdown on Daily chart

By lokhandi
Updated
DLF has broken the long term trendline on Daily chart.
Shorting below 196.8 for targets 191/183 Stoploss 201.1 seems like a good trade.
Trade active
Trade active
Although tight SL was taken out, bearish outlook remains unchanged. Entry SHORT 198 for intraday target 193. More later. New Stoploss 203.2 today's high
Trade active
Trade active
snapshot
Trade active
1st target of 191 taken out. Revise SL and look for further weakness.
Trade active
Hit 185.30... Enroute to 183.
Note
Day low of 182.4 so far. If it plays below and Nifty is goes below 10610, then more pain is in the offing yet.
Trend Analysis
lokhandi
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.