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 active
THE DATE HAS BEEN MISTAKENLY PUBLISHED WRONG- READ IT 14-06-2025
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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.
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.