Technicals:
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals:
The company has reduced...
DLF
CMP 181.20
- we observe triangle pattern in DLF chart
- trading below 50 day EMA and 200 day EMA
- crossover of 50 day EMA below 200 day EMA not yet happened
- Levels have been mentioned in the chart itself...
The target for the triangle breakdown pattern comes to around 139 in 2-3 months
Take care & safe trading...!!!
This pattern looks like Contracting flat in Complex B wave , one can look for short selling in Futures once price rejected and confirm reversal on daily
Time frame
Its Going weak in Price action so buying is not advised , Look for short selling or Buy Options for this short move
DLF BUY ABOVE 186.25
DLF (DLF Ltd) BUY ABOVE 186.25. skewed double bottom and standing in trend line and if trend line broken then BUY can be initiated at around 186.25
Any brake out form the Structure its moving up for Next move up , currently its with in the structure one can wait for daily strong move indication and position
them self
remember this move will be slow as its stands with in the corrective structure based on HTF
Good Luck
DLF Limited is an India-based real estate company. The Company is primarily engaged in the business of colonization and real estate development. The Company is primarily engaged in development business focuses on the development and sale of residential real estate, which include plotted developments, houses, villas and apartments of varying sizes and integrated townships, with a focus on the luxury residential developments. The Company’s operations span various aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. The Company is also engaged in the business of generation of power, provision of maintenance services, hospitality and recreational activities. The Company is also involved in lease business involving leasing of developed office space, information technology (IT) special economic zone (SEZ) and retail properties.
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DLF
