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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