Technical Pick - DHFL
DHFL has already given a good rally since november 2016 without any major correction. Now it is due for correction and may take reversal from here. Another aspect that is accompayning the correction is the Doji candlestick that has been formed at the top. If the stock breaches and closes below 425 than we may see a healthy correction till 385, else it may continue its uptrend if breaches the resistance of 442.
For positional trade stop loss seen at 442. It is positionally weak only abpve 442 on closing basis
For positional trade stop loss seen at 442. It is positionally weak only abpve 442 on closing basis
Trading Recommendation
Sell DHFL Future (May) below 425 on closing basis with the Stop loss of 442 on closing basis
More will update soon!!
