Buy DHFL at 81-82 with SL 76 for target 93. Today's close abv 81 is good for the counter
Dewan housing has already signaled by on RSI but we were waiting for 1 more day's confirmation. Bollinger band has supported at -2 SD . We'll trade it as mean reversion as market has bounced sharply from 60 and now trading near 78 ( below long term trendline on monthly chart). Buy only in dip at 75-73 with stop loss below 67 for target 84 & 91
DHFL BUY ABOVE 82.5 DHFL (Dewan Housing Finance Corporation Ltd) DHFL BUY ABOVE 82.5. Rising triangular channel and price about to break the trend-line.
near a resistance level , can see a 2-3 % slide .
Let's bring home money folks , You can execute the trade on Friday or Tomorrow. Refer chart : classic Text Book pattern. No Naked trades , Use strategy : 1) Buy 600 Dec calls , sell 620 Dec calls --- My preference. 2) Buy Dec future , Sell 600 Dec call 3) Sell Dec 600 Put , Buy 560 Put 4) Buy 2 lot 600 call , Buy 1 lot 580 put check what strategy suits you...