Stock Market Chart Analysis: DLF Breaks the Down trend line

March 27, 2011

DLF Breaks the Down trend line

Down trend line in weekly chart is broken and stock has started to move up.
Stock can move up till its 20 week moving average which is near 260 level. Close above this level can give further upward momentum for the stock towards 50 week moving average.
Weekly MACD is about to give a buy signal which is good news for the bulls of DLF.

2 comments:

alphabet1March 27, 2011 at 10:28 AM
Nice study.
Laborious and Hard Working in research but simple in presentation.
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SanMarch 27, 2011 at 12:45 PM
@alphabet1

Thanks
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