I had previously given DLF for an entry above 313 for a target of 330. The target was well achieved. Now if you see 23rd July candle, it has managed to close above previous high of March with a hammer candle and good volumes. On a monthly chart the stock has not been able to give a good closing above 326 since November 2010. So if you see all the signs, the stock is looking bullish to break 11 year old highs and ready to test 397 level. Buy DLF above 340 for a positional target of 397.
This idea has been chosen for the Editor's Picks. Detailed one. Thanks for your wonderful contribution.
tanya151181
⋅
@AbhishekHSinghCMT, Thanks a lot :)
sarikasalunke
⋅
good analysis, which grp to follow your analysis mam
tanya151181
⋅
@sarikasalunke, check my signature :) Join our free telegram and youtube channels for daily updates
nitinjeelal
⋅
the hammer candle that u have mentioned is a 'hanging man' and its sign of downward movement chance.
Gudu12
⋅
this is not HAMMER candle ....in a up trend its called HANGING MAN, emotion behind that candle is initially sellers was present but then buyer took control,but its first sign in a uptrend that sellers are active now..so hanging man not a bullish sign.
prashantangadi
⋅
good analysis but I don't like this fraud company
yashparmar71
⋅
Wow
suitableBird38749
⋅
Mam 340 resistance lg rha hai Aaj gya lekin wapas niche aa gya retest krne to nhi gya kahi?
tanya151181
⋅
@suitableBird38749, 340 is a very strong resistance that's why it needs to close above this level... Uske Baad movement will be easier