- we are looking at weekly chart
- stock is trading below crucial line
- a line which provided support since 2017 has been broken
- current consolidation phase around blue line similar to 2017 pattern
- Strong possibility of zone which acted as Support line may now start acting as Line of Resistance
On any rise one may consider to...
Short DLF around 150 with SL at 160 and Target at 130.
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
Recently real estate companies have shown strength. accumulation can be seen clearly in this script on daily TF.
Most conservative tgt is 155 but this script may trap longs by forming a fake red maribozu candle. Either wait for that dip to enter or enter now with your SL and my Tgt.
Have a safe trading week.
PS: Nifty is all set to touch 9500, but before that...
The zone of 168-177 may not be easy to cross and it may act as a resistance zone.
Given the view
one may Consider the following strategy
Consider Selling DLF 30 April 2020 expiry
Strike Price: 160
Lot size: 3300
The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin...
EVERYTHING ON CANDLE CLOSING BASIS
WE HAVE TO WATCH PRICE ACTION ON TRENDLINES AFTER 1ST CANDLE BREACHES TRENDLINE 2ND MUST BREAK LOW/HIGH OF 1ST CANDLE TO GIVE CONFIRMATION ELSE IT MAY BE FAKE OFF
193.20 IS FIRST TARGET WHICH ALSO NEAR FIBONACCI`S 50% LEVEL ACCORDING TO ME STOCK WILL MAKE A LOW THERE AT 193 WHICH IS ALSO A GAP WILL FILL IT THEN BOUNCE BACK UP TO ACTUALLY CLOSE AT 50% LEVEL OF FIBONACCI AND MAKE BULLISH HAMMER EVERYTHING ELSE IS WRITTEN PLEASE FOLLOW CHART
I HAVE SHOWN MULTIPLE CHANNELS ONE CHANNEL IS BROKEN STOCK ENTERS NEW CHANNELS AND SO ON... YOUR STRICT STOP LOSS IS ORANGE LINE ON CANDLE CLOSING BASIS TWO TARGETS FOR LONG ARE GIVEN
TRADE AT YOUR OWN RISK
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