DLF LIMITED is trading close to support and resistance lines.
The stock is trading near its 200 DMA.
So a breakout from this area will result in stock pulling away from the 200 DMA.
One can take a trade towards the breakout area. Wait for a clear breakout don't assume to which side the stock will breakout that's were traders loose money. Enter after the stock breaks out with the breakout point as stop loss.
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." —Jesse Livermore