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

TradZoo Updated   
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.

200+ @2nd target
Trade closed: target reached:
All Target Completed.
Entry 175
Target - 207
Nearly. = 32 Points(18%+ Profit)


Join Us on Telegram For Regular Updates=>

Download TradZoo Android App =>

Download TradZoo App For iOS =>

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.