DLF - Reversal and Breakout
Updated
Tells Me: It seems that the price of the DLF had reached a point where it couldn't break through a support level, but instead began to rise again, indicating a potential reversal towards a new uptrend.
The Double Bottom pattern formed during a downtrend as the price reaches two distinct lows at roughly the same price level.
Eventually, the price of Dlf breaks out above the highest high point, which confirms the bullish signal and indicates that the Dlf price may be on an upward trajectory.
The Double Bottom pattern formed during a downtrend as the price reaches two distinct lows at roughly the same price level.
Eventually, the price of Dlf breaks out above the highest high point, which confirms the bullish signal and indicates that the Dlf price may be on an upward trajectory.
Trade closed: target reached
Target closed and as per indication when it cross the level as suggested, next day hit the target
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