DEWAN HOUSING FINANCE CMP370.60
This share has made long wedge pattern along with double bottom. Wedge patterns after completion and broke out of the pattern, acts like burst of the spring after loosening the tightened (spring).It is traded above 50,100,200 dma's.
The share is in accumulation and it is outperforming the nifty.The point that has to be considered here is, the share has its company for its uptrend in the housing finance segment.This proves that theory that stocks moves in groups.
Directional indicators are in buy mode along with momentum indicators. Expansion of bolinger bands after compressing indicates strength in the trend.Most of the volume indicators in also indicating strength in the trend.
CONCLUSION:I PREFER TO KEEP A STOPLOSS AT RS. 302 AND HAVE A SHORT TERM AND MEDIUM TERM OF 405