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.