Bharti Airtel during the last twelve months has surprised everyone with 50% move. Can this stock which has formed a similar pattern do the same?
The stock is DLF
Source: Chartalert.com
I shared Price Action Observations on my twitter feed a few days back
Why DLF will be on the watch list of many on October 03
DLF CMP: 144
The stock has not breached levels of 140-145 since March 2017 pic.twitter.com/BK64bZxtWI
— Deepak Singh (@smarket) October 1, 2019
Investment Argument:
Stocks have a tendency to repeat behaviour. DLF stock has been bouncing from 140-150 levels and hence this time would be no different and over next few weeks/months, the stock has the potential to bounce 40-50% from current levels. Every investment idea should have “What If risk” plan. One should exit the stock if it sinks below 135 levels.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purposes. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
DLF Now
DLF rallied from 145 t0 270 [Resistance]