TradZoo

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

Long
NSE:DLF   DLF LTD
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.

Comment: 200+ @2nd target

Comments

according to you even amar raja was at breakout.. but it didnt happen..
+1 Reply
Kotha_Rao navjotsagoo
@navjotsagoo, No breakout, no trade. what's the issue ?
Reply
navjotsagoo Kotha_Rao
@Kotha_Rao, issue is about your analysis..
Reply
can i still enter or its too late
Reply
Great chart. In detail analysis with Target and stop loss. Excellent Sir....
Reply
nice
Reply
perfect ur analysis
Reply
crossed n closed in green today.... whats your view for tomorrow n day after from here ?
Reply
Kotha_Rao rachanak
@rachanak, view does not change daily.
Reply
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