DLF LTDShort
Dlf: On shaky grounds...
Updated
DLF
Cmp 126
Observation
- we are looking at weekly chart
- stock is trading below crucial line
- a line which provided support since 2017 has been broken
- current consolidation phase around blue line similar to 2017 pattern
- Strong possibility of zone which acted as Support line may now start acting as Line of Resistance
On any rise one may consider to sell Dlf
Positional Target 113 / 108
Take care & safe trading...!!!
Cmp 126
Observation
- we are looking at weekly chart
- stock is trading below crucial line
- a line which provided support since 2017 has been broken
- current consolidation phase around blue line similar to 2017 pattern
- Strong possibility of zone which acted as Support line may now start acting as Line of Resistance
On any rise one may consider to sell Dlf
Positional Target 113 / 108
Take care & safe trading...!!!
Trade active
We have the rise we were looking for. DLF is at resistance line
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