AVOID FRESH BUY IN DLF

Updated

DLF now at multi year resistance zone after long rally from 360 levls, cmp 500. This rally is accompanied by low volumes while MACD and RSI also showing bearish divergence. It clearly shows profit booking coming at higher levels. Avoid going long as risk reward is absolutely not in favour

Note

DLF just mongering up and down in same range. Whenever stock is at multi year high resistance then trading should be avoided

Note

DLF, promoter is selling stake in company. As said it is very difficult to make fresh position into DLF especially on long side

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