DLF is ready for uptrend hey guys ,
DLF stock is ready for uptrend
as you can see that , this stock was moving in pattern called DESCENDING TRIANGLE
and now you can see that ,
this stock is at its LOWEST SUPPORT POINT ,
and this stock is also at the ,
VERY STRONG SUPPORT LINE.
One more point to buy this stock is that,
this stock is a BULLISH ENGULFING CANDLE ,
these 3 reasons are giving us confidence to buy this stock and earn HIGH RETURNS
BUT FIRST CONSIDER THE GLOBAL SITUATION,
I.E INFLATION
WAR BETWEEN UKRAINE AND RUSSIA ,
RISING BANK RATES ,
AND RISING EXPORT DUTIES ON OIL AND GAS
after considering these situations you can BUY this stock
AND pls guys , if u liked my analysis
comment, like and follow my account
😀😀
DLF trade ideas
DLF bullish DLF on daily charts has completed a 3 wave complex correction and now again started to move up with a impulse wave on minor time frame , with the momentum indicators turning to buy again , one look to take Longs with stop Loss at 360 for this stock making new swings highs again upside targets would be 430/480
DLF PRICE ACTION ANALYSIS 📈🔥NSE:DLF broke out of a major trendline(kind of a cup and handle pattern) and is undergoing slow consolidation in a flag like pattern.
Enter at the break of the flag trendline and hold for big targets after price crosses and sustains above 450 levels.
Targets are open for this one.
Place sl below 340 and trail with preferred MAs.
Risky trade but high reward.
Position size accordingly. HAPPY TRADING.
DLF - Ascending channel - Weekly TFDLF - Weekly TF - Moving in an ascending channel. Currently bouncing from the bottom of the channel. Trading above 30 WEMA suggests in Stage 2 Uptrend. MACD on daily TF has seen a crossover. RS is positive. Will be weak if closes below 30WEMA.
Only for educational purposes, not a buy/sell recommendation.
DLFNSE:DLF
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