DFML is currently exhibiting a bullish trend as observed on a weekly time frame. Should it sustain its position above 36, there is a potential for further upward movement, with potential resistance levels at 42 and subsequently 49.60.
Note
Double top formation is going to form at 36, some rejection can be seen from this level. The price needs to break and sustain above this level for more upside levels.
Note
Second resistance breached, now wait for next resistance of 49.60Note
Must use trailing stop loss to manage your profits!Trade closed: target reached
Hovering above first resistance of 42, can test second resistance of 49.60. Booking profit on it.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.