Long time frame weekly chart of DLF.
Impulse wave starts from FEB 2016.
1st wave is a leading diogonal
which was retraced 78.6 percent
in 2 nd wave,3rd wave starts from march2020
and culminates in october 2021.
and 4 th wave retraces 38.5 percent of 3rd wave.
And there after DLF is in 5 th wave which starts from
july2022.This 5 th wave seems to be extended one.
if it sustains above 594 next target is 675.
Meanwhile it has taken out the long term trnd line red one.
Unless it falls back below this trendline next target of 675 likely to be achieved.
Not recommended for any trading.This is my study only.
If this post helps you do like this.
follow me to get updates.
Impulse wave starts from FEB 2016.
1st wave is a leading diogonal
which was retraced 78.6 percent
in 2 nd wave,3rd wave starts from march2020
and culminates in october 2021.
and 4 th wave retraces 38.5 percent of 3rd wave.
And there after DLF is in 5 th wave which starts from
july2022.This 5 th wave seems to be extended one.
if it sustains above 594 next target is 675.
Meanwhile it has taken out the long term trnd line red one.
Unless it falls back below this trendline next target of 675 likely to be achieved.
Not recommended for any trading.This is my study only.
If this post helps you do like this.
follow me to get updates.
Out of 1st,3rd and 5th wave one wave tend to be extended,
Hence I am looking for extention in 5 th wave.