Friday, April 27, 2012

Buy DLF for one or two months for Target of 200

Opportunity: DLF down side story is on track which may find a crucial support at 168 for it to revive again to the levels of 200 and can get a way to recovery. As there is no hope fundamentaly in the stock but if we see technically then it has made two times double bottom arnd 170 on daily charts , two times double bottom on monthly and weekly charts . So this time it may form double bottom on quarterly charts and tripple bottom on weekly charts. So I strongly recommend to add this stock for a view of one or two month with a small stoploss on closing basis below 165. It reversed before going oversold on Stochastic and RSI many times earlier and this time it may happen too.

No comments:

Post a Comment