Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. Thank you !
There is a class Breakout generated in DLF on daily chart. After Dec 2010 DLF closed on this level. So, I think It should be fly soon and we can see Dynamic levels on this counter.
Next levels as below :-
1st Target :- 320.00
2nd Target :-...
DLF being an F&O stock is giving such a wonderful breakout above 298 with monthly closing basis and also need volume growth. if it gets the support of that, then the next target is 500 as marked as resistance on chart. i am not sebi registered so please do your own study too and correct if there's a mistake done by me.
my personal analyzed setup for DLF, multiple times traded this stock both side (2 times SL hit)
now, its coming to flag zone from where it dropped off due to COVID (LONG IT)
god bless you all
Price before reaching the parallel channel support it is moving upward, shows the bullishness of the script. 156 looks good resistance once price breaks this levels go for buy and the channel top is the target.
DLF is at a mojor suppport zone + howing bullish Divergence + Double bottom. We can go long if the price crosses 159.60 tomorrow for intraday. SL should be just below the Double bottom and targets can be 162.65 and 164.05.