DLF: Potential to Retest the Highs
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Hello traders,
As can be observed from the chart. The stock pulled back exactly 38.2% of the previous bull move and retraced. In my previous post this retracement was interpreted as an ABC type but as the price action unfolded it appeared quite more than that. The stock made a nice move and faced resistance near 200 odd levels. Currently it seemed to have started the last leg of a five wave move. Any pullback should be seen as a buying opportunity as the stock has a potential to retest 210-215 level.
Trade safe, stay healthy
Don't forget to hit like
Regards
Afraidtotrade
As can be observed from the chart. The stock pulled back exactly 38.2% of the previous bull move and retraced. In my previous post this retracement was interpreted as an ABC type but as the price action unfolded it appeared quite more than that. The stock made a nice move and faced resistance near 200 odd levels. Currently it seemed to have started the last leg of a five wave move. Any pullback should be seen as a buying opportunity as the stock has a potential to retest 210-215 level.
Trade safe, stay healthy
Don't forget to hit like
Regards
Afraidtotrade
Nota
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Into the target zoneNota
A possible course of price action, just for study purposeNota
Pursuing expected lines..Nota
So far ;)Nota
Revised some notes on the chart.Nota
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Bouncing off the support.Nota
Be careful at 205-206Nota
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Above 207 next target for buyers would be to retest the highs at 210-216Nota
I am pleased that the stock has provided us a great opportunity to learn and earn..ending this post with this snapshot.
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
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