Harmonic DLF
Updated
I have below analysis on DLF.
1. We have nice ABCD reversal setup with 2.618 level retracement. So can expect some upside move from here. Gap down can change the possibilities.
2. We have potential Bullish Butterfly in the making on hourly chart. We are in the D leg. I will cover that part once we get some confirmation when D leg gets real extended towards downside.
3. There is one more harmonic setup in process in daily chart. I will require more confirmation on that before going for a post.
1. We have nice ABCD reversal setup with 2.618 level retracement. So can expect some upside move from here. Gap down can change the possibilities.
2. We have potential Bullish Butterfly in the making on hourly chart. We are in the D leg. I will cover that part once we get some confirmation when D leg gets real extended towards downside.
3. There is one more harmonic setup in process in daily chart. I will require more confirmation on that before going for a post.
Note
DLF just touched 0.236 retracement.Note
Part 1 completed yesterday. In order to fulfill point 2 condition DLF should go way down below the point D (138).
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