multiple breakout tested
next high above 375 can lead the stock to 5-10% rise
would be interesting to watch this script for november series
banking on nov 450 ce bet 0.85 to 1
disclaimer - trade @ own risk
📈 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...
NSE:DLF
Despite high volatile market #NSE:DLF delivered blasting result and bagged 10k/Lot to my followers.
Happy LEarning !!
Attached yesterday chart with levels !!
With 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
On Daily Time Frame, DLF indicating downtrend parallel breakout. After this breakout stock made it's breakout retracement upto breakout resistance level. Expected upside target in this stock is 450 to 462+ within next 1-3 months.
I 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...
DLF is looking good for swing trade if we see risk to reward its more than 1:2 , also it has formed flag and pole pattern which has chances to touch all time high
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...
Following 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 .
As you can see in the chart, DLF made Fibonacci Retracement correction has already done.
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Now stock is testing 428 level, its a strong resistance once the stock goes above 428.
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You can buy this trade for the target of 440.
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What's your view on this comment below in the box.
Stock is rising in an impulsive manner & recent downward price action suggests that it is a corrective setback. One should go long on cmp , keeping SL of 390 , look for the target of 450/480 .
![DLF: Simple Trade Setup | DLF | 20-12-2021 [ INTRADAY ]](https://s3.tradingview.com/f/fiyJ0rrz_mid.png "Simple Trade Setup | DLF | 20-12-2021 [ INTRADAY ]")
