DHFL Symmetrical Triangle Breakout

The stock has been in the uptrend since the starting of 2017 and has given a impressive return to its investors. After making a high of 680 it got corrected 570 after that it had been consolidating in the range of 620-570.

In this consolidation it formed a symmetrical triangle pattern and last week we witnessed a breakout of the triangle with good volumes. The indicators like RSI at 56 and MACD crossover also showing a strength in the stock.

From the current level we are expecting 680-700 level with in the month. One should place the Stop Loss 575 for good risk to reward ratio.