Sobha Ltd for 65%+ gainsDate: 23 Nov’24
Symbol: SOBHA
Timeframe: Weekly
Sobha Ltd currently seems to be starting Wave V of 3 which is heading towards 2720-50 (65%+ from its current price of 1630) as seen in the chart. Two levels (2720 & 2750) have been marked as supply zone. However, a clearer target can be pinned once the stock makes a fresh ATH.
The company has recently posted strong Q2 numbers and highest quarterly profits since March 2023.
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. If you are reading this, let me know your views in comments or on X (Twitter).
HINGLISH VERSION
Sobha Ltd vartamaan mein 3 ki Wave V shuroo kar rahee hai jo 2720-50 (1630 kee vartamaan keemat se 65%+) kee taraf badh rahi hai jaisa ki chart mein dekh sakte hain. Do staron (2720 aur 2750) ko supply zone ke roop mein dikhaya gaya hai. Haalaanki, stock ke nae ATH banaane ke baad ek spasht target tay kiya ja sakta hai.
Company ne haal hee mein majaboot Q2 quarter ka result aur March 2023 ke baad se sabse adhik quarterly profits darj kiya hai.
Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
Dlfanalysis
DLF cmp 913.75 by Monthly Chart view since listed*DLF cmp 913.75 by Monthly Chart view since listed*
- Support Zone 760 to 800 Price Band
- Resistance Zone at 915 to 970 Price Band
- Weekly basis Support at 848 > 780 > 710 with Resistance at 995 > 1070 > 1135 >>>> ATH 1225
- *Stock seen to be in heavy consolidation under trading price range of 915 to 970 over the past few months*
- *Close to 16+ years long timeframe Double Bullish Rounding Bottom, 1st by neckline at Support Zone and at Resistance Zone*
A Long Way to GO, Superb Chart PatternHi All…
Greetings!
Today im sharing with you DLF Monthly Chart, which is showing a very good Cup & Handle pattern almost 13 years in making. In the coming time it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
DLF 14 years breakout can sustain above 525 IPO price???DLF in IPO 500 - 555 Range & list on 526 in 2007 now if cross this level & close above it then can see quick move further. After closing above 555 DLF should do some consolidation or price correction to start move further up side. Also Realty Index about to give breakout with same time frame of consolidation at 635. Happy Trading & trade with stoploss.
DLF sellJun 13 I predict selling but cant post here bcz of personal work
its a rising wedge pattern in 1H
A.
If it cross 495
One hour Trend Line is 489-487
There is 1st Demand zone is 485-481
If 1st demand zone cross down... The 2nd Demand zone is 475-473
If 2nd demand zone cross down... The 3rd Demand zone is 470-468
If 3rd demand zone cross down... The 4th Demand zone is 466-463.9
If 4th demand zone cross down... The 5th Demand zone(Order Block) is 458-454
If 5th Demand zone(Order Block) cross means huge fall to 433-429 is the Target
B.
1st Retracement point is 499.75-500.9
2nd Retracement point 503.25-507.2
DLF to be taken in watch listKeep DLF stock on your watch list. If the share is able to cross the TL in the coming days we can see the 400-plus target in the coming days. One minor pullback or sideways for a short period can be seen before a clean BO of the area. So accordingly entry is to be taken as per risk to reward ratio. This is for your educational purpose only.
DLF BO !!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 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 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.
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: BULLISH SEQUENCEFollowing the 'rule' of wave theory , ''wave 4 should not enter into the territory of the wave 1" , stock has managed to keep its bullish outlook intact. moreover we have a HH HL formation on daily time frame which suggest that stock should move higher in wave 5 for new high in coming weeks.
Buy on cmp add on dips keep SL of 390 & look for the target of 440-50 .