Dlfltd
DLF PRICE ACTION ANALYSIS. DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high.
We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a new all-time high above it.
The stop loss can be placed below the supply zone.
If DLF's price comes to test 318 level, chances are good that it will support. This is a better scenario for going long.
Happy trading :)
This is just for educational purposes.
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
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All you need to know about DLF in 15 mins👑 Terms used if you don't know :
✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
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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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