indiamarketoutlook

Dlf: On shaky grounds...

Short
NSE:DLF   DLF LTD
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...!!!
Trade active:
We have the rise we were looking for. DLF is at resistance line


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