DLF is giving break out on daily charts from a triangle pattern as shown in charts. Targets of that pattern comes around 240.
The stock also recovered more than 61.8% of its recent fall from 215 to 170, which says next wave can take it to previous highs of 215 and then 161.8% extension which comes around 243. So at cmp of 202 it can be bought with a stop loss of 190.
Disclosure: I am not a SEBI certified analyst so please take your own call before buying the stock. Further i hold the stock in my Portfolio.
The stock also recovered more than 61.8% of its recent fall from 215 to 170, which says next wave can take it to previous highs of 215 and then 161.8% extension which comes around 243. So at cmp of 202 it can be bought with a stop loss of 190.
Disclosure: I am not a SEBI certified analyst so please take your own call before buying the stock. Further i hold the stock in my Portfolio.
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