DLF - does it need our attention?

2021년 5월 30일

The monthly chart shows rejection at 23.6% FIB. However, it's above an important zone of around 270 from where the price has previously reversed. RSI is also 60 which is good.



Weekly RSI is 60 as well, a good sign. It appears to have formed an HH and an HL for now. However, price rejection at higher levels seems apparent.



The Daily chart shows RSI at 60, too. A trend-based FIB extension points towards a potential resistance of 315 once 300 is breached, with support at 282.



The price is a little higher for my liking which might make it slightly lower RR (if I recall correctly, this is why Anosh_Mody
and I hadn't included this in our video). But it appears decent technically. In fact, it kinda follows Vishal Malkan
's G-F-F setup with RSI being 60.

2021년 6월 8일

노트

An important hurdle of 300 psych level has been cleared. My personal position is +6.06%

2021년 6월 14일

노트

Resistance from the 315 levels marked via trend-based fib extension.