DFML LONG TRADE
DFML previously formed a double top pattern, which is typically bearish, but it appears to have failed. Recently, the stock reversed from a low of Rs. 25.6 in a spike pattern, consolidated, and then resumed its upward leg.
Currently, DFML has formed:
- A powerful bullish imbalance
- A bullish mitigation block
- Two bullish price imbalances
The recent consolidation (since May 15) formed a bearish wedge (bull flag) with three down pushes, which has now broken out to the bullish side.
🚨 TECHNICAL BUY CALL – DFML🚨
- Buy 1: Rs. 39.48 (current price)
- Buy 2: Rs. 38.4
- Buy 3: Rs. 37.2
- TP 1: Rs. 41.69
- TP 2: Rs. 44.4
- TP 3: Rs. 47.8
- *Stop Loss*: Below Rs. 34.4 closing basis
- *Risk-Reward Ratio*: 3.8
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
DFML previously formed a double top pattern, which is typically bearish, but it appears to have failed. Recently, the stock reversed from a low of Rs. 25.6 in a spike pattern, consolidated, and then resumed its upward leg.
Currently, DFML has formed:
- A powerful bullish imbalance
- A bullish mitigation block
- Two bullish price imbalances
The recent consolidation (since May 15) formed a bearish wedge (bull flag) with three down pushes, which has now broken out to the bullish side.
🚨 TECHNICAL BUY CALL – DFML🚨
- Buy 1: Rs. 39.48 (current price)
- Buy 2: Rs. 38.4
- Buy 3: Rs. 37.2
- TP 1: Rs. 41.69
- TP 2: Rs. 44.4
- TP 3: Rs. 47.8
- *Stop Loss*: Below Rs. 34.4 closing basis
- *Risk-Reward Ratio*: 3.8
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
Trade attivo
THE DATE HAS BEEN MISTAKENLY PUBLISHED WRONG- READ IT 14-06-2025
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.