DLF: Can we short below 181??

14 Jun 2017

DLF had a beautiful rally from 100 to 215. Thereafter it corrected sharply (0-A) up to 170 retracing 38.2% and found some support. If the pullback after 0-A is an 'a-b-c' wave, then more pain might have left. The correction can take the stock up to 158-160 (50% retracement) and 144-140 zone (61.8% ret. as well as 100% extension of 0-A).

So Is that a clear short below 181? #
with Targets 172, 160, 144
and SL 186 (manage SL as per risk appetite)
The question is open for discussion.

# If you ask me the only thing that worries me is the ferocity of wave b-c with rising volume. Had it been a weaker pullback I would not have taken a second thought before shorting it below 181

Trade safe..always minimize risk.
Thanks

15 Jun 2017

Catatan

19 Jun 2017

Catatan

After facing resistance in the zone mentioned earlier DLF
is heading for support zone.