nirav5

Do we smell a BAT on DLF?

Short
NSE:DLF   DLF LTD
3
If the trade setup is right D leg just reversed short of 2.0 retracement of BC leg. it can be from 1.618 to 2.618. so just we will have to check whether it has started its journey towards the target of 152 or still it will test further fib level above 2.0.
Trade active
Trade closed: target reached: Lets book some profit as 0.382 retracement has come.
Trade active: One can initiate the trade near 154 with SL of 155.10 for the target of 152.
Trade closed manually: It's going down for now. Lets close the trade.
Comment: *Not going down.
Comment: DLF hit the target although I took the early exit in the real trade. It may touch 0.618 retracement.