nirav5

Harmonic DLF

NSE:DLF   DLF LTD
6
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.
Comment: DLF just touched 0.236 retracement.
Comment: Part 1 completed yesterday. In order to fulfill point 2 condition DLF should go way down below the point D (138).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.