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DLF cmp 186. stoploss 195 Target 170/162. Reason explained in the chart ;-)
The Inverted H&S pattern observed in Weekly Time Frame of DLF has probably known to everyone by now.
The significance of me posting the chart today is on back of Positive news that DLF has sold its subsidiary's stake to a GIC Singapore at a valuation of about Rs 35000 Cr at a time when the Market Cap of DLF ltd is Rs 33352 Cr. This makes me think that stock ...
DLF which had formed a Inverted H&S in weekly charts had a sharp upmove till 206. During last weeks correction stock had corrected from recent highs to the inverted H&S neckline which had held and provided good support.
Now the stock has cut above the downward sloping Trendline opening up a potential upside target of 205.
1. In the formation of gartley and completes it at 167.
2.Also we have had a breakdown of the triangle marked in red
stock had a sharp correction in recent past
managed a bounce
one can look into this stock around these levels for a target towards 198/200
as long as the stock stays above 174
Inv h&s Pattern play on weekly...Any thoughts?? I like such pattern so simple..No points for guessing the Targets..Just take a Plunge and play the trade for 250 levels min.
it has broken out in weekly chart but immediately there is resistance at 170, can look for pull back to buy
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security
Which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
CHARTS SPEAK their own language ! thr is beauty in simplicity
dlf would be attempting the breakout soon...9 yrs long awaited breakout...fundamentals are also supportiv this time ...should be churning its loan book also !!
have a watch ....can buy at 145
time duration; 45 days
disclaimer: chart is for self only ::
price closed above the downward cloping trendline. indicating a further upmove till 170 if price holds above 142 on closing basis.
buy with sl of 145 cmp 148.5 for target 157, 170
* Ichimoku buy signal
* new momentum up cycle ready to begin
* Target 124
* SL 109
As per Charts, DLF looking exhausted in its non- stop runup from 80 levels to 165 levels. High expectation on DCCDL sale stake is what is keeping it at its current levels. Once that is out, and if bad q2 results, then we may soon see 130 levels
SELL DLF @ 157-160 with SL 162(closing basis) TGT 142
A bullish Gap up after 61.8 % retracement
The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance ...
On hourly chart, the price action has confirmed a breakout of resistance that shall take the price action to next resistance and psychological level of 170. Stop loss 166
Buy at breakout with stop loss 165