indiamarketoutlook

DLF: At crucial resistance

Short
NSE:DLF   DLF LTD
DLF
CMP 164.50

Last time when stock was at 181 we suggested to sell above 182 for target of 139

After recommendation, the stock made a high of 182.90 and low of 136.70


Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again towards 144 and possibly even a new low towards 120

Take care & safe trading...!!!



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