Bravetotrade

DLF: Can we short below 181??

NSE:DLF   DLF LIMITED
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DLF had a beautiful rally from 100 to 215. Thereafter it corrected sharply (0-A) up to 170 retracing 38.2% and found some support. If the pullback after 0-A is an 'a-b-c' wave, then more pain might have left. The correction can take the stock up to 158-160 ( 50% retracement ) and 144-140 zone (61.8% ret. as well as 100% extension of 0-A).

So Is that a clear short below 181? #
with Targets 172, 160, 144
and SL 186 (manage SL as per risk appetite)
The question is open for discussion.

# If you ask me the only thing that worries me is the ferocity of wave b-c with rising volume . Had it been a weaker pullback I would not have taken a second thought before shorting it below 181

Trade safe..always minimize risk.
Thanks
Comment:
Comment:
After facing resistance in the zone mentioned earlier DLF
is heading for support zone.
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