Since the last couple of trading session, DLF formed a cup and handle pattern which indicating a strong bullish move in DLF in next few trading session above 175. According to pattern depth of Cup is nearly 32 points so we can expect the same points in the projected target which can be 205-207.
Buy DLF above 175
Target - 190 200...
Intraday Setup: Looks good above 165 with confirmation on 15 mins candle for 171/178. Keep a tight SL of 162.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
The stock has been in this range for over 3 months now. The 100 point range i.e., 840-940 seems to be holding for now. It bounced back strongly from the support levels today and closed on a high. Expect it to test those upper levels again in a week or two. The trade right now is to go long with a stop below 840 on a closing basis. Remember this is a large cap &...
DLF is one of the most volume gainer stock right now
Check the market Sentiment before placing the trader
Target = upper band or line
Sl can be easily placed some points below the cmp i.e =145.75
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Only enter if the sector and the stock, both is giving a clear trend. The recent news will be a major reason for the upcoming moves in DLF.
So watch all realty stocks.
This is not a recommendation. This is for educational purpose only.