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).
Vijayaraghavan.K
Kovilpatti.
DLF
CMP 173.40
The stock looks likely to be at the brink of breaking the minor uptrend channel it has been following.
Levels are mentioned in the chart
#DLF Daily CnH BO. Cmp -183 Can test 185 SL-179
CnH -179-142=37 points.
High OI CE 180,190 and 200 and PE 170 160.
Better for watchlist as SL is 4 points and Target 2 points. Better not to trade.
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.
Trade Setup
Short @144
Stop loss - 165/170
Target - 120 / 100 / 80
Positional View. Timeframe 3 to 5 months.
DLF has confirmed Bearish Head and Shoulder pattern on weekly charts and has closed well below its neckline.
Stock is a sell on rallies towards 173 levels. Targets can be 137 116
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 )
Disclaimer :...
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
