DLF - Correction expected in the short term

CMP: 865

Price made 5 wave impulse from 744 to 880+ and is showing signs of profit booking.

If this view to play out, we are expecting a dip towards 830 and 800 (50& to 61.8% fib levels respectively).

Remember, this is going to be a ABC corretion, so wait for the A and B to play out for confirmation and then take the C leg down trade..

Or else, wait for the entire correction to get over with and then go for the most rewarding 3rd wave up..

A stock to watch for Jan Series...

Dagangan ditutup: sasaran tercapai

While I expected the B wave to follow regular corrective pattern, It did expanded FLAT and went above and then fell down.

Low made so was was 825 around. CMP at 832.. We could make one more low below 820 to complete the correction..

For now, the stock price is in no trade zone..

Murthy_Santhosh

I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision

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Murthy_Santhosh

I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision

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