The chart clearly shows that DLF daily chart is currently at its trend line support. The upside and downside arrows shows the entry zones for buy / short respectively.
1. On 1st September, DLF brokeout Downward trendline and also Cup & Handle pattern resistance with high volume & strong closing. 2. Now pullback & restested the previous resistance level. It may further pullback, restest & bounce back from the Upward Trendline. 3. Recently Realty, Infra & Cement stocks are doing well.
DLF is a potential multibagger in making, currently its consolidating near a previous high. If it manages to take it out with good volume it will not stop! As it has great deal of consolidation in it. One must give it a few months before making any judgements.
dlf could see following targets 1)450 2)500 3)515
As DLF failed to sustain above the 400 levels the breakdown from these levels look imminent, I'd not go long until I see it down to 385 levels!! & Form another consolidation. I liquidated my long position today after it came back inside the channel. What Id like to see is breakdown and then another retest of 400 levels, a nice consolidation and then breakout....
Short term traders can short DLF with SL of 365 , targets around 330. It will show some pullback near to 330 levels before going up. Positional buyers can add DLF around 330 for the targets above 410
Shooting star at resistance same as like nifty it may follow nifty's foot steps on the following trading days.
NSE:DLF #NSE:DLF formed Descending triangle, TL, Cup & Handle BO. Descending Triangle BO is too perfect, stock move up from downwards and Trend line tried to break 4 times and given BO candle closure for 5th time. Adding to that a beautiful #Cupandhandle pattern. SL marked for practice, Target open.
DLF has given a broadening wedge trendline resistance breakout , also is making an inverted head & Shoulder pattern on daily time frame. Keep this in watchlist for next few weeks and it can give good returns in coming days
It seems bullish because of the following reasons: 1-year Trendline breakout Index(Realty) has given the range breakout Price trading above 200 MA and MA is trending Lower high price action
DLF can be a good bet short term after multiple attempt to break trendline finally it broke and again retesting its trendline as support can be a good point to enter.
DLF broken out of 3 month resistance points and looking to seek higher levels . Go long as per given Stoploss level on chart will update if required when market unfolds happy hunting :) Chintamani
NSE: DLF Hello guys today after seeing the chart I got these things 1. If goes down then the target could be taken at 346 This could be taken as a maximum downside target from my opinion 2. Time Frame:- 1 Day Conclusion:- A Resistance which is at the current level I have seen some forecasts show that it could be down and could be followed by the market but if it...
SUMMARY:- -stock is on the verge of breaking out of bullish pole flag pattern -its a continuation pattern -once market starts to sustain above 365 will see a clear move towards 380-390 -396-402 is the supply zone for the stock -if that breaks then again range of 420-430 will open up DISCLAIMER *my views are not trade recommendation *please consult your...
DLF has been falling in parallel channel after making new high. Will it be able to break all time high
As CNX Infra is showing fatigue, one of its components #DLF can not be trusted for long. Weekly Chart is all about selling on rising.