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