[Short Term] Cup and Handle Breakout in DLF for Target 207+

Nov 9, 2020

Since the last couple of trading session, DLF formed a cup and handle pattern which indicating a strong bullish move in DLF in next few trading session above 175. According to pattern depth of Cup is nearly 32 points so we can expect the same points in the projected target which can be 205-207.

Possible trade:
Buy DLF above 175
Stop-loss 169
Target - 190 200 207+

This trade can give good risk-reward as follow:
1) At First Target : 2.5:1(Reward: Risk)
2) At second Target: 4:1
3) At Final Target: 5:1

Disclaimer: Before taking any position make sure you're doing trade by risk management. Also, Don't forget to take advise from your financial adviser.

Nov 19, 2020

Note

200+ 2nd target

Dec 4, 2020

Trade closed: target reached

All Target Completed.
Entry 175
Target - 207
Nearly. = 32 Points(18%+ Profit)