DLF trading at rising wedge edge.DLF has been trading in downtrend and retraced up to 23% of fibo level and hovering around it also at the edge of rising wedge. traders may enter short after breakout of trend line around 144
DLF
DLF LimitedThe information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
DLF tarding at channel resistance,DLF has been trading in down trend but after a sharp fall if retraced and traded in a bearish channel it closed on channel resistance and may trade towards the support around 120 in near term. traders may short DLF with target 120 and SL 142.
DLF Long entry breakout !The stock was in downtrend but it seems there was good accumulation and it is going up. The stock formed a good pole and flag. It is at good entry point now. One can buy it now or on dips wherever he feels the Stop loss at 122( on closing basis) is affordable. Potential Flag target in the range of 136 - 145.
Long term Fundamental Stock OberoiOberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260 levels in 11 trading sessions. After which the price is showing a slow but steady rise.
Fundamentally the stock is great with an CAGR of 20% over 10 years and a slew of under construction projects in Mumbai. Also they are extending to Noida and Bangalore. Technically at the current levels both the MACD and Stoch are showing oversold. This is a good opportunity to begin adding this to your portfolio. Recently there has been a number of bulk purchases in the open market.
I believe, in the next 2 years real estate stocks such as Oberoi will give excellent returns.
DLF trading at channel resistance, my go further down.DLF has been trading in down trend it made false break and sharply fell in to the bearish channel,it closed on weekend at the resistance of channel and may reverse from this level to support somewhere between 95-96 in near term if breakout doesnt occurs. if breakout occurs on Monday it will trade upside,traders may wait for breakout if occurs go long else go short.
DLF Trading in Bearish Trend DLF after a long up trend journey broke at 158.00 and retested this level to breach further up move but remained unable to further move, it seems to have established down trend and approaching its support at somewhere between 125-122 in near term, risky trader may go short in this stock at CMP,conservative trader may wait to breach the falling wedge and wait for the stock to reach around 150-152 and then short for a target of 122.00, before shorting do wait to reverse the trend if breakout occurs exit with small stop loss.
DLF " high potential setup"Price action is very important in predicting the future move, don't rush into the trade
Last time when I posted the DLF idea it went south. SL hit.
For this time the analysis seems nice as wave-c remains to get unfold.
Good risk to reward ratio
regards
DLF Forming Bullish Candlesticks Pattern The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance trendline is high enough to take prices up. In case it fails to do it then I expect there is higher selling pressure than buying of it at current levels.
Lets look forward to tomorrow to unfold this mistry, any opinions are welcome. Regards
DLF Trending up, Targeting 170 (Intraday Buy)On hourly chart, the price action has confirmed a breakout of resistance that shall take the price action to next resistance and psychological level of 170. Stop loss 166
