DLF - Falling Wedge Breakout

DLF is showing a falling wedge breakout and a Bulkowski ugly bottom pattern. This indicates a target of 334 if the breakout is sustained. This view gets negated if the price falls back within the wedge. There is an even larger falling wedge that targets 418 but we can analyze that later.

Nifty Makes a Bullish Ugly Bottom - Ayesha

Nifty future 15-min charts and hourly charts show a bullish breakout from a Ugly Bottom formation. It can move approximately 100 points from the breakout region of 3914.