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ShelendrAgrawal
Mar 29, 2022 3:28 PM

DLF Chart Analysis !! Long

DLF LTDNSE

Description

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📈 DLF Ltd. 📉

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

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Target 1 of 404 is done.

Trade closed: stop reached

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Comments
patienceforthewin
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How do you decide targets? Fib levels?
ShelendrAgrawal
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@patienceforthewin, Only Price i use. I Use Swing High or Swing Low on Closing Basis as Target or SL
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