Current trend shows PEL surely touching 1360. RSI at 60 and positive money flow (chaikin moneyflow indicator), shows there is high possibility to breach 1360 levels entering overbought zone, thereby moving further to 1455 levels.
We may witness a small retracement in between.
DLF lies on resistance levels. MACD indicator signals a buy on present levels. There might be a single day retracement before it breaches the current resistance to reach up to 172 levels. depending upon momentum, can be decided if the stock will show momentary retracement or breach it directly to reach 180 levels.
Currently resting at support level, will be a strong buy once it crosses 1340 level. in any case it breaches the support, it will trace the next support line at 1216.
To be on safer side, BUY@1345.
2h candlestick patter is strictly following wedge lines as its dynamic s&r. the support band within had been breached and thus could act as a fresh level for a re-bounce. shall it get breached again, twice tested dynamic support could possibly cause a re-bounce and thus an uptrend. dynamic resistance acting as upper edge of wedge is in no position to as as one and...
