DLF Positional Trade SetupDLF break the support of 317 after making cup patter,
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So two things can happen in this scenarios, First DLF can goes down and take support of 296,
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Second DLF can give move once it cross 320, for the target of 340.
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So trade according to the setup.
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What's your view on this comment below in the box.
Cuppattern
Bhansali Engineering Polymers (#BEPL): A year & 4 mnth long cupBhansali Engineering Polymers Ltd: A year and 4-month long cup formed and now trying to break out the pattern with a spike in the volumes. Increased buyer participation. If there is pullback at this point wait for it to come back and break the neck for a break out from that level. Entry INR 81 (Closing basis). Stop Loss INR 76.95 Target INR 96 to 115
“Short-term volatility is greatest at turning points and diminishes as a trend becomes established.” - George Soros
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
TIMKEN INDIA: WATCHLISTEDTIMKEN INDIA. Likely gathering some momentum. Waiting for volume confirmation. Watchlisted for now.
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor