DLF
DLF - Classic Cup and Handle and retest also done - Daily timeSo was discussing with my veteran friend who is actually a very good investor. He suggested that Indian Real Estate has been undervalued and there is a large move which is possible.
So, I was going through couple of Real Estates in FNO. First hit was DLF, and I think I saw a no brainer move in DLF. Classic cup and handle pattern on Daily and guess what, retesting is also done. So should only fly above from here.
Should touch 400 very quickly from here. IT is too obvious, Banks are next bet, but nobody is looking at real estate, who knows, may be smart money is!
* This is a discussion on patterns and not a trading advise, I am a newbie trader, don’t buy on this please. Please trade your hard-earned money on a registered stock market expert's opinion.
Target 1 (54%) achieved in DLF. Target 2 is ON...This is follow-up on DLF. Can check link to related ideas.
Target 1 achieved. More than 54%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DLF
Buy at Market Order
Target:- 502
Stop Loss:- 355
Duration:- 5 to 6 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
DLF: Chart view and trading strategyDLF
Observations
- Stock has done a 76.4% retracement of the fall from 359.25 to 303 levels
Given the set up one may consider to sell DLF
F&O strategy
Consider Bearish Call spread
Sell DLF 350 Call option around 11
Buy DLF 370 Call option around 5
Net receivables in strategy 19800/- per strategy lot (yield potential around 20% till expiry)
Be cautious if DLF closes above 346
The strategy has Inbuilt loss protection for a rise up to 356 till expiry
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 PRICE ACTION ANALYSIS. DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high.
We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a new all-time high above it.
The stop loss can be placed below the supply zone.
If DLF's price comes to test 318 level, chances are good that it will support. This is a better scenario for going long.
Happy trading :)
This is just for educational purposes.
DLF BREAKOUT AND TRADING FOR NEXT WEEKDLF seems some up move in next coming days
This stock already breaker out camarila R3
Moving average s also giving more confidence for the further moves
Last 4days volume also higher than 20 days average volume
We can 🎯 Target next R4 Breakout
Once channel pattern breaks we can keep it up for go long
Happy trading & learning thanks
DLF : TrendlineDLF is trending at very crucial level. The immediate resistance is ₹ 320. If it breaks this level, you can buy it for a target of ₹ 360/370 in short term.
Keep a stop loss of ₹ 280.
There are very good chances that this stock will take a reversal and move towards its new high in coming days.
RSI will also move above the level of 50 if the stock touches 320+. This is also a good buying strength.
Swing Trading Opportunities for W/B 23-8-21TRADING WATCHLIST FOR W/B 23-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.
ON MY WATCHLIST FOR W/B 23-08-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
BRITANNIA
COAL INDIA
GRASIM
HDFC
HINDALCO
SHREECEM
BANDHAN BANK
PNB
BBTC
Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well.
I read it both ways -
Either
There is scope for Nifty to go up further as these scrips would eventually move up.
Or
Nifty may consolidate or drift until the overall market turns bullish for several leading names as well.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
METALS
GROWTH
FINSERVICES
COMMODITIES
REALTY
During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the set up and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
22-08-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades / investments on your own or consult your financial advisor before making any trades.