DLF looking like bearish
It is in strong supply zone
Trend line support breaked and retressment happen
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...
As DLF failed to sustain above the 400 levels the breakdown from these levels look imminent, I'd not go long until I see it down to 385 levels!! & Form another consolidation. I liquidated my long position today after it came back inside the channel. What Id like to see is breakdown and then another retest of 400 levels, a nice consolidation and then breakout....
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...
my personal analyzed setup for DLF, multiple times traded this stock both side (2 times SL hit)
now, its coming to flag zone from where it dropped off due to COVID (LONG IT)
god bless you all
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...