DLF: On shaky grounds... Short

DLF LTDNSE

Description

⋅ Jul 22, 2019 8:51 AM

DLF
CMP 181.20

- we observe triangle pattern in DLF chart

- trading below 50 day EMA and 200 day EMA

- crossover of 50 day EMA below 200 day EMA not yet happened

- Levels have been mentioned in the chart itself...

The target for the triangle breakdown pattern comes to around 139 in 2-3 months

Take care & safe trading...!!!

Comment

⋅ Jul 31, 2019 6:37 AM

DLF twice came a tad above 182 giving opportunity to sell in the range mentioned and is now trading around 171.

Those who followed up on the trade can consider partial profit booking and hold on to balance position modifying Stop loss at cost...!!!

That way you ensure profitability in trade...!!!

Enjoy & have a good day... :-)