DLF Breakdown on Daily chart

DLF has broken the long term trendline on Daily chart.
Shorting below 196.8 for targets 191/183 Stoploss 201.1 seems like a good trade.

Trade aktif

Trade aktif:

Although tight SL was taken out, bearish outlook remains unchanged. Entry SHORT 198 for intraday target 193. More later. New Stoploss 203.2 today's high

Trade aktif

Trade aktif:

Trade aktif:

1st target of 191 taken out. Revise SL and look for further weakness.

Trade aktif:

Hit 185.30... Enroute to 183.

Komentar:

Day low of 182.4 so far. If it plays below and Nifty is goes below 10610, then more pain is in the offing yet.