DLF Chart Analysis !!

πŸ“ˆ DLF Ltd. πŸ“‰

It broke out from Resistance Zone which also acted as a support in Dec Jan Months hence more valid level.
And today it has managed to closed above it. So I am biased on long side.

On Buy Side I am looking for initial Targets of 404, 424 and 442.

StopLoss should be kept at 352.
It offers 1:3 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade active:
Target 1 of 404 is done.
Trade closed: stop reached

Follow me for live IntraDay Chart Analysis on Twitter.

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.