"DFML" Dewan Farooq Motors Intraday Analysis 27 FEB 2013
"DFML" Bullish Bais above 2.39 Our Prefrence: As long as 2.39 is sustained as support buy DFML with target at 2.54 and 2.60 with extention to 2.67 Alternative Scenario: Breakage of 2.39 can call for 2.26 NOTE: DFML is moving in a downward channel now a days but yesterday have retested its lower bands and now its time for a short term rebounce, so buying above 2.39 on intraday basis can become benificial. Stockastic, MACD and moving averages are indicating for a reversal towards 2.54 and 2.67 Intraday Supports and Resistance:
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 2.27 | 2.33 | 2.38 | 2.44 | 2.49 | 2.55 | 2.60 |
| Mid S3-S2 | Mid S2-S1 | Mid S1-PP | Mid PP-R1 | Mid R1-R2 | Mid R2-R3 | |
| 2.30 | 2.36 | 2.41 | 2.47 | 2.52 | 2.58 |
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John Doe
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