This analysis is for my study purpose (I am not SEBI registered). No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)
1. DLF
DLF broke out from the resistance level that was tested and failed for for past 2/3 times. While breaking the resistance level at 197, it also formed a inverted head & shoulders pattern. Lets see how it plays out.
If it sustains above 200, it should reach the target level of 225 which is the target of inverted H&S pattern. Stop loss is at 195.
1. DLF
DLF broke out from the resistance level that was tested and failed for for past 2/3 times. While breaking the resistance level at 197, it also formed a inverted head & shoulders pattern. Lets see how it plays out.
If it sustains above 200, it should reach the target level of 225 which is the target of inverted H&S pattern. Stop loss is at 195.
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