DLF: Diametric, Expanding Diagonal

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DLF Daily chart


DLF has rallied 60-70 Rs from the bottom and it is showing strength now. However it is near to it's resistance zone and it is better not to jump in at current juncture.

From waves perspective, prices corrected from the top where Y is placed in Neo wave diametric pattern followed by wave b in one lower degree and wave c in expanding diagonal pattern. Now it is moving in wave c as this entire pattern is Flat.

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