DLF: Potential to Retest the Highs

Jun 29, 2017

Hello traders,

As can be observed from the chart. The stock pulled back exactly 38.2% of the previous bull move and retraced. In my previous post this retracement was interpreted as an ABC type but as the price action unfolded it appeared quite more than that. The stock made a nice move and faced resistance near 200 odd levels. Currently it seemed to have started the last leg of a five wave move. Any pullback should be seen as a buying opportunity as the stock has a potential to retest 210-215 level.

Trade safe, stay healthy
Don't forget to hit like

Regards
Afraidtotrade

Jun 29, 2017

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Jul 4, 2017

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Jul 6, 2017

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Into the target zone

Jul 6, 2017

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A possible course of price action, just for study purpose

Jul 7, 2017

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Pursuing expected lines..

Jul 7, 2017

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So far ;)

Jul 10, 2017

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Revised some notes on the chart.

Jul 12, 2017

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Jul 13, 2017

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Bouncing off the support.

Jul 17, 2017

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Be careful at 205-206

Jul 17, 2017

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Jul 17, 2017

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Above 207 next target for buyers would be to retest the highs at 210-216

Jul 19, 2017

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I am pleased that the stock has provided us a great opportunity to learn and earn..ending this post with this snapshot.