x
Breaking News
0

DLF In Bull Mode

By GAJANAN BOLEWARStock MarketsApr 21, 2017 10:57
in.investing.com/analysis/dlf-in-bull-mode-200184102
DLF In Bull Mode
By GAJANAN BOLEWAR   |  Apr 21, 2017 10:57
Saved. See Saved Items.
This article has already been saved in your Saved Items
 


DLF (NS:DLF) has broken the important resistance of 175 levels on the weekly chart, with prices formed inverse head and shoulders. On weekly chart prices forming inverse head and shoulder pattern, prices have given breakout which we can see on the chart, prices closed above 175 level which given positive signal.

The inverse head-and-shoulders pattern it signals that the security is set to make an upward move. Often coming at the end of a downtrend, the inverse head and shoulders are considered to be a reversal pattern, as the security typically heads higher after the completion of the pattern.

Prices are trading in positive territory, 175 levels will act as neckline and counter break and closed above 175 levels, any dip will be buying opportunity. A close below 102 will be a first warning signal for Bulls, we may see rally in prices till 250-280 level

DLF In Bull Mode
 

Related Articles

DLF In Bull Mode

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
 
 
 
Add Chart to Comment
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email