DLF retesting on a good Fib levelAs I have recently published the idea of DLF taking a breakout and having a retest the fib level adds a little more confirmation to it , place a SL below its recent low (i.e 428/427) and target as per your convenience. Well this analysis is just for the purpose of learning.
Dlfanalysis
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 : 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.
DLF - A Trade Set UpDLF given a break out above 325 & after breakout as expected strong move came till 359 & presently it is consolidating and further up move is expected in DLF by looking the positive chart structure. The DLF is expected to move till 380-390 levels in next 2-3 months time.
The contents posted here are only for Educational Purpose.
DLF - Wow, check our wonderful analysis
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
DLF - Hold for a good breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Breakout in DLF.Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. Thank you !
There is a class Breakout generated in DLF on daily chart. After Dec 2010 DLF closed on this level. So, I think It should be fly soon and we can see Dynamic levels on this counter.
Next levels as below :-
1st Target :- 320.00
2nd Target :- 345.00
3rd Target :- 365.00
4th Target :- 390.00
Stop loss :- 285 on closing basis
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DLF - Looking positive - Complete Analysis
Price closes above the strong 10 years resistance is a positive news for this script.
Explained carefully, feel free to comment.
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