Dlf is looking for a swing , a swing trade can be initiated once the price gives closing above the resistance trendline .
On a daily time frame the stock has formed a cup and handle pattern and given a breakout from 0.5 Fib levels , now it has corrected and retested after the breakout .
so once it gives a breakout from this trendline it may give a good move upto the given levels .
Also on 1 hour time frame it has formed a double bottom .
I'm a beginner , I'm just sharing my views.
On a daily time frame the stock has formed a cup and handle pattern and given a breakout from 0.5 Fib levels , now it has corrected and retested after the breakout .
so once it gives a breakout from this trendline it may give a good move upto the given levels .
Also on 1 hour time frame it has formed a double bottom .
I'm a beginner , I'm just sharing my views.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.