SWING IDEA - DLF

업데이트됨
DLF, a major player in the real estate sector, is showing promising technical signals for a swing trade.

Reasons are listed below :
  • Break of Flag and Pole Pattern: The stock has broken out of a flag and pole pattern, a continuation pattern indicating the potential for further upside in the ongoing trend.
  • 800 Zone as a Strong Support: The 800 level has proven to be a solid support zone. The price is currently bouncing back from this level, suggesting that buyers are stepping in to support the price.
  • Bullish Engulfing Candle on Weekly Timeframe: The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure, which often leads to a continuation of the upward trend.
  • Trading Above 50 and 200 EMA: DLF is trading above both the 50-day and 200-day exponential moving averages, reinforcing the bullish sentiment and indicating strong support at these levels.
  • Intact Uptrend: The overall trend remains intact, suggesting that the stock is in a strong upward trajectory with the potential for further gains.


Target - 967 // 1030
Stoploss - weekly close below 795

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@visionary.growth.insights
노트
bullish marubozu candle on weekly timeframe, hold!
노트
price is now trading above our buying price
노트
made a high of 6%++
거래청산: 스탑 닿음
stoploss hit : -10%
Chart PatternsDLFflagandpoleTechnical IndicatorsnsepriceactionanalysisrealestateStocksswingtradingTechnical AnalysisTrend Analysis

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