DLF Forms Bullish 'W' Pattern | Strategy Levels Marked

🎯 STRATEGY SNAP: CLASSIC 'W' BOTTOM PATTERN IN ACTION

CHART SETUP:

Stock: DLF (India)

Timeframe: Daily - Ideal for swing identification

Pattern: Bullish 'W' Formation (Double Bottom)

Key Feature: Right-side breakout above neckline

📊 STRATEGY EXECUTION PLAN:

ENTRY ZONE: ₹723 - ₹725

Optimal area for position initiation

Confirmation above pattern neckline

RISK MANAGEMENT:

Stop Loss: ₹715 (Below pattern support)

Risk Per Trade: ~1.4% from entry

Position Sizing: Standard 1-2% portfolio risk

PROFIT TARGETS:

Target 1: ₹740 (+2.1% return)

Target 2: ₹760 (+4.8% return)

Risk-Reward Ratio: 1:2.1 (Very favorable)

🎓 PATTERN EDUCATION - THE 'W' BOTTOM:

Why This Pattern Works:

Double Support Confirmation: Price tested ₹715 level twice and held

Neckline Break: Signal triggers above the W's peak

Volume Confirmation: Ideally should see increasing volume on breakout

Measured Move Projection: Pattern height suggests ₹760 target

Pattern Psychology:

First bottom: Sellers exhaust at support

Middle peak: Bulls attempt recovery

Second bottom: Final test of support confirms reversal

Breakout: Bulls take control above resistance

⚡ MY STRATEGY CRITERIA MET:
✅ Clear chart pattern identified
✅ Defined entry with confirmation
✅ Specific risk management levels
✅ Favorable risk-reward ratio
✅ Logical target projections

TRADE MANAGEMENT SUGGESTIONS:

Consider partial profit booking at Target 1

Trail stop loss to breakeven at Target 1

Let remaining position ride to Target 2

🔔 FOLLOW FOR MORE CHART PATTERN STRATEGIES!



#DLF #ChartPatterns #TechnicalAnalysis #StockMarket #SwingTrading #TradingStrategy #Investing

⚠️ DISCLAIMER: I am not a SEBI registered advisor. This is educational content demonstrating chart pattern analysis. Not a recommendation to buy/sell. Trade at your own risk. Past performance doesn't guarantee future results.


This educational approach positions you as a knowledgeable chart strategist rather than just a signal provider, which is exactly what TradingView Mind appreciates and promotes.