DLF 1H

Exponential Moving Averages (EMAs):
The chart displays multiple EMAs (20, 50, 100, 200) as colored lines:

Red:
EMA 20 at 908.20
Orange:
EMA 50 at 887.65
Blue:
EMA 100 at 870.84
Purple:
EMA 200 at 858.31

These EMAs are used to show the stock's trend over different time frames, with shorter-term EMAs above the longer-term ones, indicating a bullish trend.

Breakout Area:
The price appears to have broken above a previous resistance level around ₹905-₹908. This area is now acting as support, with a bullish breakout confirmed by the price moving above it. A white horizontal line marks the former resistance level.

Entry, Stop Loss, and Target:

Entry:
The trade appears to have been entered at around ₹921 (the current price level).
Stop Loss:
The stop loss is set just below the newly established support at around ₹893, marked with a red box.
Target:
The target price is set at ₹961, marked by a green box indicating a potential take-profit zone.

Trend Analysis:
The price has been moving upward, and the alignment of the EMAs suggests a bullish momentum. After the breakout, the stock retested the support level and is showing signs of a continuation towards the upper target.

In summary, this setup represents a bullish breakout with clear entry, stop loss, and take-profit levels. The trade is based on the assumption that the price will continue its upward movement after breaking and retesting the resistance, now turned support.