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Dlfshort

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. ------------------------------------- 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.
NSE:DLF
by Trading_hawk
DLF Short 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 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. Example presented in these chart is 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.
NSE:DLFShort
by EntryandExit