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*
Dlflong
DLF FOR 890 - 915Delhi Land & Finance (DLF Limited) is an Indian commercial real estate development company.
DLF has developed residential colonies in Delhi and all over India now.
We do see a stock in range bound phase in last 2 to 3 months and now we do see good volume coming back to DLF as it is very positive sign.
C.M.P 📑- 872
Target 🎯 -890 - 915
Stoploss 🚫 - 840
Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: This is not any stock recommendation; this is only for educational purpose.
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DLF BREAKOUT AFTER A LONGTIME ?CMP 361
Today closed above rising wedge and inverted head and shoulder pattern...
buy on retest or at support
IF SUSTAINED ABOVE 560 CB IT WILL BE A BREAKOUT
targets 570 / 575 / 580 / 585 / 590 / 595 / 400++
Trade Setup:-
main focus-- BREAKOUT
1) inverted head and shoulder pattern
2) rising wedge breakout
3) value addition
Regards...
Keshav...
10/10/2023
DLF BEARISH DLF looking like bearish
It is in strong supply zone
Trend line support breaked and retressment happen
Firest target@700
Second target@630
Stop loss@816
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
DLF: CUP AND HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 468 and keeping a stop loss of 400 , look for the target of 600-800 in the coming weeks and months.
Buy: CMP
Stop loss : 400
Targets:
Tgt 1: 600
Tgt 2: 800
Theory:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
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 at perfect Demand zoneWith 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
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 .
DLF TRADE SETUP FOR TOMORROWAs 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.