Pls refer chart. Monthly and weekly Indicators are showing weakness. CCI indicator showing more weakness on monthly chart. Pls do your own analysis and trade. I may not available for your queries.(Note: Cloing basis on weekly close).
There is a Head and Shoulder breakout and Weekly Support trendline breakout in DLF at 165-160.
Now weekly support trendline is acting as resistance as it failed to cross above it.
Stop loss - 165/170
Target - 120 / 100 / 80
Positional View. Timeframe 3 to 5 months.
Hi All ,
Disclaimer : I might be holding same position , so my views may be biased , Self Interest involved
Following is strategy :
Buy 180 call @ 6.9 , 1 lot
Sell 190 call @ 3.8 , 1 lot
Target , stop loss mentioned on chart . GST council meet tomorrow or day after , High chance cement GST might be reduce (Highly speculative , Not sure )
1) Double bottom with negative divergence on a downtrend
2) sector has been negatively impacted due to rera for last 1 year
3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months
4) Risk - Home interest likely to be volatile due to currency and oil prices