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madhusudhan237
Aug 30, 2021 7:59 PM

DLF Long

DLF LTDNSE

Description

Trade Setup:
Stock making a round bottom. EMA's slopping upwards.
Weekly: Crossed 10 year resistance. Took support on trend line (thick pink line). Broke trendline (thin line), retest done, and bounced again.

Entry = 319.80 INR
SL = below 268 INR (on weekly closing basis)
Target = 393 INR (T1) and 453 INR ie; Fib levels (T2) and 493 INR (T3).
For T2, T3, patience is needed.
RR = 1.45 (with T1 consideration)

Trade closed: target reached

Target 1 reached. Trade closed.
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