DHFL has been trading at resistance of trend and may reverse any time, we may see some downside in this stock up the target of 320 in near term.
DHFL has been trading at the resistance and forming a rising triangle, there is limited upside it may see around 305, breaking this level may be a breakout otherwise it may start falling for first target 273 in near term.
DHFL has been trading in down trend and after retracing 61% fibo level it shown some strength upside, it closed tomorrow almost touching the resistance and further reversed,it seems, it may further trade down ward up to 50% fibo level again around 240. traders may enter short at slight high to better entry. if it breakout occurs the level 32% (261) it will trade upward.
A potential entry point in the up move of DHFL following an a-b-c correction.
As per today's price action, high buying pressure has broken through the resistance level of 283 and made a monthly close above previous resistance level of 283 that indicated strength and bullishness. It is also be noticed that the new wave has arrived after ABC correction showed in above chart. It means that this breakout can state the beginning of a new wave...