DFML LONG TRADE
DFML previously formed a double top pattern, which is typically bearish, but it appears to have failed. Recently, the stock reversed from a low of Rs. 25.6 in a spike pattern, consolidated, and then resumed its upward leg.
Currently, DFML has formed:
- A powerful bullish imbalance
- A bullish mitigation block
- Two bullish price imbalances
The recent consolidation (since May 15) formed a bearish wedge (bull flag) with three down pushes, which has now broken out to the bullish side.
🚨 TECHNICAL BUY CALL – DFML🚨
- Buy 1: Rs. 39.48 (current price)
- Buy 2: Rs. 38.4
- Buy 3: Rs. 37.2
- TP 1: Rs. 41.69
- TP 2: Rs. 44.4
- TP 3: Rs. 47.8
- *Stop Loss*: Below Rs. 34.4 closing basis
- *Risk-Reward Ratio*: 3.8
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
DFML previously formed a double top pattern, which is typically bearish, but it appears to have failed. Recently, the stock reversed from a low of Rs. 25.6 in a spike pattern, consolidated, and then resumed its upward leg.
Currently, DFML has formed:
- A powerful bullish imbalance
- A bullish mitigation block
- Two bullish price imbalances
The recent consolidation (since May 15) formed a bearish wedge (bull flag) with three down pushes, which has now broken out to the bullish side.
🚨 TECHNICAL BUY CALL – DFML🚨
- Buy 1: Rs. 39.48 (current price)
- Buy 2: Rs. 38.4
- Buy 3: Rs. 37.2
- TP 1: Rs. 41.69
- TP 2: Rs. 44.4
- TP 3: Rs. 47.8
- *Stop Loss*: Below Rs. 34.4 closing basis
- *Risk-Reward Ratio*: 3.8
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
Dagangan aktif
THE DATE HAS BEEN MISTAKENLY PUBLISHED WRONG- READ IT 14-06-2025
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.