Enter Long in dhfl above 632 Target - 636 & 645 Sl 621
Strong results and equally good charts. i will be opening an additional position in it.
DHFL has been moving in a triangle for couple of months, taking support on the neckline. Awaiting a breakout/revesal
Charts and OI Data both signify bullish tone for the current contract.
DHFL - Multiple Flag formation - Heading towards a triangle formation ?
The Stock has nicely formed Flag pattern and gave breakout today. One can buy the stock now or on dips where low of today is affordable Stop Loss. Flag are good reliable pattern that rewards fast so it could reach the target of 625 - 650 in 5-6 trading days. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
near a resistance level , can see a 2-3 % slide .
DHFL has been moving in a triangle for over a month. heading towards the edge, for a breakout pr reversal. Also its on 382 FIB
It has been observed that the price action consolidating in a range and now got a positive breakout above the resistance levels. Now, it shall further move up. T1-640 T2-660 SL-600
Should be testing levels of 750, forms a flag pattern on weekly chart
DHFL Broke out of the month long down channel and is retesting the trendline, holding on 618FIB. May bounceback or fall down to complete another leg.
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...
Wedge formation and may have down movement. Trade levels are mentioned on chart.