mdhaamu

DLF Make or Break

NSE:DLF   DLF LIMITED
233 4 6
DLF             buying and selling both set up emerges on daily. Now at critical resistance, it may break or fall.
For longs entry above 198 for target of 205, 210 & 215.
For shorts entry below 190 for target of 185, 180 & 175.
Comment: No break out yet
Comment: No break out yet
Trade active
Comment: long 197 on closing basis
Trade active: Showing some strength
Trade active
Comment: Below 190 exist
Trade active
Trade closed: stop reached
Comment: Short positions are invited
Nice Chart, I believe it will be long break out.
Reply
snapshot

Looks like a rising wedge,technically it should breakdown on the downside sharply.
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mdhaamu NamantSatiya
@NamantSatiya, Possibly, but there are high chances for breaking the resistance too
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@mdhaamu, Yes but a rising wedge pattern is supposed to be very strong,lets see.
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