Monday, 22 October 2012

DLF @200 DMA

DLF has been in the range for past many months, a range of 175 of 250.  Now it is on 200 DMA at 207.  The question is would it take support here or again around 175.

I feel it would find support here, look at the RSI.  Whenever stocks are in range, momentum oscillators like RSI give good signals.  Keep a SL below 190 on a closing basis if your view is very short term.  Target would the range extreme, 250.

Let me know your views.

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