DLF: Is it Diamond in Daily. Tgt1 155, Tgt 2 170+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 it should take a 80-120 point dip. That dip would be best to enter in this counter. 170 is also the target of harmonic pattern which is present in lower tf.
I deserve every right to be wrong.
DLF
DLF : Chart set up and Strategy for DLFDLF
CMP 148.50
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
Call option
Strike Price: 160
CMP: 10.50
Lot size: 3300
The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin amount)
Loss in strategy only if DLF closes above 170.50 on 30 April 2020.
(Inbuilt loss protection of Rs 74250)
Take care & safe trading...!!!
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DLF LTD DETAILED VIEW193.20 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
DLF - Supply and Demand ZonesDear Traders,
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, 6.
Happy Trading and enjoy the profits with supply and demand zones
Thank you
Deepak
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