DLF LTD - DESCENDING CHANNEL PATTERN

DLF LTD #DLF

- MOVING IN A NARROW RANGE
- FORMED A DESCENDING CHANNEL PATTERN
- TAKING RESISTANCE FROM 50SMA.

INDICATORS:
RSI IS SIDEWAYS
BSM HAD INITIATED BUYING ZONE
TT2 TREND IS ALSO BULLISH IN 30 MINS.

COMMENTS:
1. BUY ABOVE 50SMA
SL 143
TGTS 100 SMA / 155.90

2. SELL BELOW LOWER CHANNEL
SL 147
TGTS 141 / TRENDLINE (BLACK) / 134

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.