Key Levels for DLF : INTRADAY & POSITIONAL VIEW
UPPER BREAKOUT~156.45
FIRST TARGET~158.35
INTERIM RESISTANCE~160.70
FINAL RESISTANCE~163.10
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LOWER BREAKOUT~154.50
FIRST TARGET~152.80
INTERIM SUPPORT~150.70
FINAL SUPPORT~148.60
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
193.20 IS FIRST TARGET WHICH ALSO NEAR FIBONACCI`S 50% LEVEL ACCORDING TO ME STOCK WILL MAKE A LOW THERE AT 193 WHICH IS ALSO A GAP WILL FILL IT THEN BOUNCE BACK UP TO ACTUALLY CLOSE AT 50% LEVEL OF FIBONACCI AND MAKE BULLISH HAMMER EVERYTHING ELSE IS WRITTEN PLEASE FOLLOW CHART
Dear Traders,
DLF is in overbought and we saw a long run since this November, also a long wick rejected 226 zone emerges as short term resistance zone, we will see the correction once the market also gets corrected. We initially sell DLF @ 220 levels for the tgt of 212. (8pts) also we buy puts 217 Nov expiry @ 2.8 with a stop of 1.5 tgt should be 4.5, 5,...
