I am posting Elliott Wave Analysis of weekly chart of DLF to understand it's structure. Descending triangle is formed. It seems that it has completed intermediate wave (3), (4) and now it is in the wave (5).
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On daily chart, it has completed minor wave 1, and wave 2 is in progress. After completing wave 2, price may break below 121.68 level to complete wave 3.
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Disclaimer: This and all the ideas I present are for educational purpose only.
On daily chart, it has completed minor wave 1, and wave 2 is in progress. After completing wave 2, price may break below 121.68 level to complete wave 3.
Disclaimer: This and all the ideas I present are for educational purpose only.
