DLF has given Perfect KBO Setup along with Regular Bullish Divergence. Generally this kind of Setup causes Rocket movement. Also recent Bull Fractal was broken suggesting Buyers have strong Momentum. Strong Resistance is around 674 Levels.
DAILY FINANCIAL WISDOM: In trading, the results your receive are directly proportional to the amount of effort you put in...
DLF is making new highs and higher lows that is building momentum in the price action. On monthly chart, it seems like it is urge to breakout from down trend line. It is good to keep an eye on such price action.
Even though the opening spike on 30th MAY have breached our SL, the trade is still very valid. i see DLF achieving our first target with high probability.
It's a simple trade idea, Sell on resistance, Cover on Support.
Bullish Gartley pattern seen on DLF - February series target is 110+ with a SL of 92.3 www.tradingview.com
If 110.00 sustain on closing basis. We can see 138, 143, 155, 169.
DLF - Bearish BAT in progress! it can go all the way till 135/140 before it breaks down! 2 way play, choose whats beneficial to you basis your risk management and way of playing!