Although some stocks are better to avoid but you got to consider taking a trade when opportunity presents itself like this .
DHFL is expected to fill the gap as it is moving slowly and might fill the gap next week . Sell below 139 .
Conservative stop loss 142-143
Wide Stop loss 145 .
Expected 135 levels .
Broke down from the triangle . Chart is very weak.
Sell off on news. Will not stop until company come with positive news on accounting
More pain on charts. Sell on rallies
Though company is good, news are bad.
RED LINE AS IDEAL BUY LEVEL.
BOLD GREEN LINES ARE SHORT TERM TARGETS.
STOPLOSS JUST BELOW THE REDLINE OR AS PER YOUR TRADE STRATEGY.
IF THE MARKET SUSTAINS THE MOMENTUM AND IF WE DO NOT ENTER LONG TERM BEAR MARKET IN 2019 THEN DOTTED LINES WILL BE THE LONG TERM TARGETS.
All the best and don't forget to hit like.
In case of a breakdown from the descending triangle, further 50 points decline. Wait for the breakdown before taking the short.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.