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

DLF LTDNSE

Description

⋅ Nov 9, 2020 5:06 PM

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

⋅ Nov 19, 2020 4:41 AM

200+ @2nd target

Trade closed: target reached

⋅ Dec 4, 2020 7:09 AM

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

Comments

navjotsagoo

⋅ Nov 14, 2020 4:54 AM

according to you even amar raja was at breakout.. but it didnt happen..

Kotha_Rao

⋅ Nov 23, 2020 4:33 AM

@navjotsagoo, No breakout, no trade. what's the issue ?

navjotsagoo

⋅ Nov 23, 2020 8:03 AM

@Kotha_Rao, issue is about your analysis..

responsibleFri36885

⋅ Dec 8, 2020 5:11 AM

@navjotsagoo, stock market work on probability, no one correct all the time.

MarimuthuSuppaya

⋅ Jan 13, 2021 8:08 AM

Look at the chart what it is trying to show us prior to make a call

Trade-Alpha

⋅ Dec 12, 2020 6:09 AM

wow

NKdaya

⋅ Dec 8, 2020 6:11 PM

Good Work .

Prashant2050

⋅ Nov 28, 2020 6:59 PM

Great...chart analysis. Keep sharing knowledge.

pal4rohit

⋅ Nov 23, 2020 3:11 PM

can i still enter or its too late

prashantdkharade

⋅ Nov 20, 2020 2:20 AM

Great chart. In detail analysis with Target and stop loss. Excellent Sir....