DLF in IPO 500 - 555 Range & list on 526 in 2007 now if cross this level & close above it then can see quick move further. After closing above 555 DLF should do some consolidation or price correction to start move further up side. Also Realty Index about to give breakout with same time frame of consolidation at 635. Happy Trading & trade with stoploss.
Jun 13 I predict selling but cant post here bcz of personal work
its a rising wedge pattern in 1H
If it cross 495
One hour Trend Line is 489-487
There is 1st Demand zone is 485-481
If 1st demand zone cross down... The 2nd Demand zone is 475-473
If 2nd demand zone cross down... The 3rd Demand zone is 470-468
If 3rd demand zone cross down... The 4th Demand...
DLF:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
DLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
DLF if closes below 478.1 would mean a pullback to 430 levels but this correction will be Wave 2 of larger impulse next would follow Wave 3 Up so keep a watch on this stock.
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Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 468 and keeping a stop loss of 400 , look for the target of 600-800 in the coming weeks and months.
Stop loss : 400
Tgt 1: 600
Tgt 2: 800
The Cup with Handle is a bullish continuation pattern that...
the counter is all set to make a decade breakout and once this takes place, the short seller has to just keep hiding for a safe place
the counter trading near its 009-2010 zones
the counter gave a strong upmove in the past couple of weeks
now here is a likeliness of continuation of this upmove
support now at 390-410 zones
resistance nothing much before 560-580
DLF has been showing sharp upward movement for a few weeks.
It has completed a major degree of correction, which seems to be a significant up move impulse.
3 internal wave of impulse is going on, targets are the marked basis on fib extension on 1-2 internal wave.
3 wave seems to be an extension, it has already crossed 1.618% levels.