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Thursday, 31 January 2013

Update on dlf

DLF Took support of 244 (which was my 1st target) and has been making new higher. Its in a rising trendline channel. So one can trade it with a trailing stop loss of 262, if one was long at lower levels.

Resis - 281 / 292
Support - 271 / 266 / 262 / 256


The weekly charts are showing signs of more upside, but according to me it will steam out of up-run after touching 285/287, to resume further uptrend. Do check iits short term moving averages for better view on the supports for the stock or rather a buying level again.

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