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