DLF
DLF: Chart setup and trading strategyDLF (CMP 287.50)
- the stock is currently trading at 50 day EMA
- 20 day EMA is around 294
- trendline resistance around 300
The stock may face stiff resistance in the zone of 294-302
Considering the chart set up one may look at the following strategy
Sell DLF 29 April expiry
310 Call option around 7.5
Max profit in strategy Rs 24750/- per lot.
More importantly, Loss protection for a rise in stock price up to 317.5 till 29 April 2021 ( That's a loss protection of Rs 99000)
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DLF might show a trending move soonDLF is at the latest trendline support. If it holds we might see new 52wk highs else 250-265 zone might come fast. That would be a very good opportunity to pick in portfolio. For monthly F&O players, they might capitalize this chart structure via appropriate derivatives strategy.
Breakout in DLF.Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. Thank you !
There is a class Breakout generated in DLF on daily chart. After Dec 2010 DLF closed on this level. So, I think It should be fly soon and we can see Dynamic levels on this counter.
Next levels as below :-
1st Target :- 320.00
2nd Target :- 345.00
3rd Target :- 365.00
4th Target :- 390.00
Stop loss :- 285 on closing basis
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DLF - Multi Year breakout seenDLF - Breakout from a 10 year trendline.
Since Jan 2011, the stock has been consolidating a lot and lot.
On Budget day 2020, the stock fell so much from 260 levels and went as low as 120.
On the same Budget day in 2021, the stock was witnessing a near breakout zone, so entered into this trade confidently around same 260 levels.
People can enter in Cash now also for the shown Targets.
Personally expecting a very big move and expecting to cross All-time high in no time.
SL : 220 (Monthly close basis)
Dis:- Holding from 250 levels in cash & 260 levels in Futures.
DLF - Make or Break ??DLF has rallied almost 100 points since 1st week of December. This could be re-test of the resistance zone or a sign of fall, crucial level. If gives closing below 265 then can fall to 240, 210 levels. On the flip side Daily candle close above 275 will se target of 295-300 in no time. Important 1-2 days for this stock
LOVELY DLF being an F&O stock is giving such a wonderful breakout above 298 with monthly closing basis and also need volume growth. if it gets the support of that, then the next target is 500 as marked as resistance on chart. i am not sebi registered so please do your own study too and correct if there's a mistake done by me.
DLF: Chart view and trading strategyDLF
CMP 262.5
269 -272 looks crucial resistance zone
Given the set up one may consider selling DLF 25 Feb 2021 expiry 300 Call option around 6-8 (CMP 6.2)
Max profit potential in strategy Rs19800 - Rs 2400/- per lot as long as it closes below 300 on 25 Feb 2021
Loss protection in strategy for a rise up to 306 - 308
As a risk management measure we would suggest to be cautious if DLF trades above 282
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be