DLF intraday analysis on request of Vikas Khetripal
Selling in mid day , 235.85 might be tested
Support for the day
Resistance for the day
I don't trade stocks , but I'd have tried shorting 240 call near resistance
Consider selling for
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Take care & safe trading...!!!
DLF is in overbought and we saw a long run since this November, also a long wick rejected 226 zone emerges as short term resistance zone, we will see the correction once the market also gets corrected. We initially sell DLF @ 220 levels for the tgt of 212. (8pts) also we buy puts 217 Nov expiry @ 2.8 with a stop of 1.5 tgt should be 4.5, 5,...
DLF downward channel broken on the upside.
Nice base formation at 178 levels so stop loss can be placed at 177, which is risk of 6 points.
Buy for a target of 210 which means a reward of 30 points.
Risk reward ratio for this trade would be 1:5
This trade is worth 16 Percent.
Option buying trades should not run for a very long time
It should have that momentum move SO that the option price does not melts
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Key Levels for DLF are : t.me - JOIN TELEGRAM CHANNEL
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Last time when stock was at 181 we suggested to sell above 182 for target of 139
After recommendation, the stock made a high of 182.90 and low of 136.70
Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again...
NSE:DLF Short at 171.35 with SL 173.70 and TP at 166.60
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.