Get ready with your action plan in DLF

DLF LTDNSE

Description

⋅ Dec 6, 2016 4:05 AM

Guys, DLF has been moving in channel. Get ready with your mind mappings for trading within the channel and another plan for channel breakout.

Comments

jaypatel3689

⋅ Dec 6, 2016 5:34 AM

@nirav5, I see your point. Price definitely needs to break 113 for further move downwards, as it's a strong support level for further move downwards. Thanks for posting this chart!

nirav5

⋅ Dec 6, 2016 5:35 AM

@jaypatel3689, Welcome Jay.

jaypatel3689

⋅ Dec 6, 2016 5:24 AM

Looks like a good shorting opportunity! It has retraced back to the grind line (as per HVF theory). SL 117 on closing basis, tgt 110. RRR 1:7!

nirav5

⋅ Dec 6, 2016 5:27 AM

@jaypatel3689, Good luck with that. I am planning to cover my short near 113.