DLF

13 Tem 2021

Dlf has gone through a Corrective phase post the 5 wave rise seen from 232 to 317, during its Corrective phase stock was back to 50 sma also it has tooked support at 50 day simple moving average, and the daily lower bollinger band, recently it turned around, from the daily lower bollinger band, along with trendline breakout, and its now trading above middle bollinger band 20 sma, macd in daily has also done positive crossover along with uptick and also above zero line, the wave structure suggests that, it has started the next leg of up move in wave 3 from the recent low zone of 279 to 287, the wave 1s high at 317.50 is a initial resistance, one can go long at current level or in dips with stoploss of 275. all the key levels are mentioned in chart with Stop-loss and Targets.

Key Levels are Mentioned on chart along with wave structure


MACD in daily positive crossover and Uptick and also above zero line

ADX DMI Ungali setup positive

Upper Bollinger Challenged

RSI in daily above 60 uptick



Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing