DLF Anticipated Happened Elliott Wave Analysis

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 DLF daily chart anticipated on 19th August 2021


DLF daily chart happened on 20th August 2021


In my previous update on DLF, I had mentioned that, "DLF is expected to dip till 310-305 over short term with resistance placed at 340."

The stock faltered and closed at 309 on the last trading day of the week and marked a low of 306.5, thereby achieving my mentioned level in a single day after the previous article on DLF- Anticipated Happened.

Please click on the link to see the previous article on DLF 

https://www.marketanalysiswithmeghmody.com/2021/08/dlf-elliott-wave-analysis.html

The stock has given a bearish break in a rising channel formation and can even sink further now to the next possible support placed at 295-298 levels over short term.

The summation is DLF is now weak and can move down towards 298-295 levels in near term.

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