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DEWAN HOUSING – TECHNICAL CHART

DEWANHOUSING

one can buy DHFL above 216.50 sl 200 target 235-285 hold delivery only if close above 224

one can look at the technical chart of DHFL, we can see “PENNANT”  pattern just developed on chart, and which can be confirm after given close above resistance trend line which is around 215-224 range.

with the trendline price has taken a support on trendline, but rsi showing weakness moving below support level, so this can shows the “POSITIVE DIVERGENCE”  on chart.

so basic study indicate that one can enter into this stock in buy above mention level but hold this one if close above 224.

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