Dewan Housing Expecting Support BreakShort once the green level breaches as the stock looks weaker . Also, a double top / H & S pattern reversal with bearish MACD .
Good short opportunity till the next support .
Dewan
DHFL is at crucial place to start next rally! Any side!!Weekly close of above the trendline is bullish
weekly close of below the trendline is breaish
Trade wisely
DHFL - Will it bounce?Dewah housing is at crucial support and breakdown will confirm further lower levels. Watch out for this week closing.
Will DHFL repeat the same chart again?As per the multi year weekly calendar, whenever DHFL break down from ascending channel, it is falling next support level.
Will it repeat this time considering that we're in bubble zone and DHFL posted hefty gain YTD.
Short term bearish in DewanDewan broke down of ascending channel and closed below 21EMA. Short term bearish. For long term, accumulate.
[Short term] Dewan Housing.Where it well end?Dewan housing is heading to crucial inflection point for short term.
Sell Strategy
If 435 Broken, sell it for target of 427 which is the next immediate support level.
If 427 Broken, book half and keep half for 420
Stop loss is 441
Buy Strategy
If 441 Crossed, Buy for T1 of 445 and final target of 450
Stoploss is 435
Good setup to cross all time high for DHFLIt seems there was healthy bounce happened at 20EMA and stock is heading to crucial resistance level 336.
