MY ANALYSIS

Wednesday, 14 December 2011

Bearish view in DLF




                    See in hour chart of DLF. There is H&S in DLF. Price is trailing at neckline. DLF complete the 61% retracement of movement range 252-191 which is 228. pattern target is 175.  Wait for break out






                        See the daily chart of DLF.  You can see the formation of new right shoulder in price pattern. If price break the level of 190 then the farther move will be start. Pattern target is 140-150. There is a confirm pullback will happen after the break the level of 190, because the neckline is straight and oscillators are also some what over sold.