Price formed Symmetrical triangle pattern. Volume increased in every upswing and decreased in every downswing and flatten out which means still buyers are holding it. So breakout with huge volume will confirm the trend.
It is BULL forming HHHL future candle.
Strategy: Try to SELL above 204.80. It shall be a scalping trade. Book immediately, as counter shall be highly volatile on 16 Aug. SL will be 0.5% If the volume is lower than 161,000 as well as BB Top is crossed, in that case: When the rates are coming down from BB Top, wait till RED candle. Consider low of RED candle as Sell...
DLF bottomed out on May 22 as indicated by the high volume long-tailed green candle, but price needs to travel beyond a key hurdle before bear could be pronounced as dead.
The share price is stuck inside a falling wedge and only a daily close above Rs. 212 would confirm a bull breakout and open doors to Rs. 226 (April 30 high) and Rs. 242 (rising trendline...
DLF has given Perfect KBO Setup along with Regular Bullish Divergence.
Generally this kind of Setup causes Rocket movement. Also recent Bull Fractal was broken suggesting Buyers have strong Momentum.
Strong Resistance is around 674 Levels.
DLF is making new highs and higher lows that is building momentum in the price action. On monthly chart, it seems like it is urge to breakout from down trend line.
It is good to keep an eye on such price action.