DLF at DO or DIE level !!!!DLF has reached at a critical level from where it has given a
bounce 3 times but this time RSI is not oversold so there is a chance of breakdown.
If, breakdown is witnessed than short for target of 280 with a stop of 20EMA.
BREAKDOWN LEVEL :- 302
And, also can hold short till RSI reaches 27.5.
If, bounce witnessed than long for target of 345 with a stop of 298.
DLF
DLF Chart Analysis !!📈 DLF Ltd. 📉
It broke out from Resistance Zone which also acted as a support in Dec Jan Months hence more valid level.
And today it has managed to closed above it. So I am biased on long side.
On Buy Side I am looking for initial Targets of 404, 424 and 442.
StopLoss should be kept at 352.
It offers 1:3 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
DLF: In the face of resistance or will it break free? DLF
the stock is heading at a zone where there is plenty of resistance between 395-414
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DLF at perfect Demand zoneWith Budget just around the Corner and India being the Developing Country focus will be on Infra & Realty Sector. Lots of Scope for Development still there especially after 3 waves of Covid.
DLF Looks at Good support or Demand Zone, Any positives for realty sector this stock can Rocket
Keep Watching
DLF LONGI hope you can now see how DLF represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
DLF BUYING IDEAFound a Bullish Wedge pattern in DLF stock, go long now or wait for the level mentioned on the chart.
Buy - 410.7
SL - 361.55
Target - 470.95 or 470
Risk to Reward - 1.23
Watch market sentiment before taking position and enter the stock at your own risk. It was my trading plan on this stock.
Simple Trade Setup | DLF | 20-12-2021 [ INTRADAY ]NSE:DLF
Observations:
1) On 1day time frame, it closed between 100DMA and 21DMA.
21DMA is immediate resistance and 100DMA is major support.
21DMA is placed at 396.98 so range of 395-400 will work as resistance.
100DMA is placed at 379.98 so range of 380 is major support.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame,it is at the support channel. If it sustain and takes support then we can see a bounce in it.
But on breakdown of it, we can see down move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 20-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
DLF- my analysisDlf is showing strength at the price level of 419 and it may go up to 485 in a very near term. however if the price starts correcting in a bearish market then after 410 it may go more downside so if you are taking trades on behalf of my analysis then you must exit from it if it goes below 410.
thank you.
Sanjeev Sir