DLF at the trendline support - long entryNSE:DLF
dlf sitting at an important trendline support. If it breaks the red downtrendline and forms a w pattern breakout upside on 15min time frame I am planning to go for positional trade with good risk to reward.
hr stochastic also at over sold territory
watch this stock for coming days
Dlflong
Breakout in DLF.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 :- 345.00
3rd Target :- 365.00
4th Target :- 390.00
Stop loss :- 285 on closing basis
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LOVELY 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.