DLF - Bullish on I-H&S

8 May 2018

DLF is one great stock that's recovering after consolidating much.

DLF is making Inverted H&S pattern with favorable RSI and MACD.

Buy Trade:
Buy above 226
SL 210 (short SL for low capacity trades is 216)

RSI and MACD on intraday for 09May2018 looks bearish as MACD and RSI on 30/45/90 min is that much favorable. DLF may touch 220/218 once before breakout. Aggressive people may use this dip to buy at a bargain. Remember that it will be an added risk

8 May 2018

Not

Tgt will be 250 & above. 238 is good resistance so stock may spend some time there