DLF - 30-10-23 moving for tgt of 585-612

DLF is another interesting chart with following

1. Price forming ABCD pattern on daily chart
2. Price took support @ 61.8 % retracement
3. RSI on weekly and monthly time frame Above 60
4. RSI on daily took support at 40 levels and bounced back
5. Major support at 20 Week SMA i.e. 510 levels (which is also point - C of pattern)
6. Price formed Hammer pattern on daily chart which is being followed by green candle. Further next resistance as per fib projections can be 558-571-585

Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix