Stock Analysis of DLF

Price - 590.10 Dt. - 1-1-2021

Stock is in uptrend from August and facing resistance at trendline. On 31st Dec. the stock broke the trendline and closed successfully above that with higher than average volume . Today stock opened above the trendline and managed to close in green by making a Doji but with very less volume . RSI is at 71 near oversold zone. We are expecting the stock to move in up direction with the support of purple trendline with normal volume . If a stock opens in green then it will be buy call and if fails to do so, it can go up to the horizontal support line placed at 572.25.