DLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137....
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
The 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 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.
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.
Oberoi 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...
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 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...
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
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...
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
