Realty
DLF Buy BreakoutDlf has been forming higher highs and higher lows and given a breakout of symmetrical triangle pattern. Likely to give a masssive move in few trading sessions.
NIFTY REALTY Possible Flag PatternNIFTY REALTY on 20th Oct gave the long-awaited triangle breakout followed by a quick attempt to break the resistance at 239-240 levels. This was rejected and then it fell into a channel consolidation (descending) since 22nd Oct.
Possible breakout/down confirmation levels
Breakout - 237.15
Breakdown - 233.9 (Aggressive), 232 (Conservative)
Just a Beginner trying to learn pattern analysis. Looking forward to corrections and insights.
Cheers ;)
DLF - BULLISH - CHANNEL PATTERNOnly enter if the sector and the stock, both is giving a clear trend. The recent news will be a major reason for the upcoming moves in DLF.
So watch all realty stocks.
This is not a recommendation. This is for educational purpose only.
Thank you
Happy Trading!!
DLF: Breakout tradeDLF has overcame its supply zone near 165-170 levels yesterday with good volume coming in.
There was a gap during massive selloff in march between the same levels, which has been filled yesterday as well.
Realty sector was the only sector lagging behind and now upmove expected in the sector as well as this scrip as well.
T1 185
T2 198
Unitech Breaks Out Crucial Support Levels It is been observed on the daily chart that the price action breaks out and closes below the crucial support levels of 4.75 indicating sellers dominance and control over price action at current levels. It indicates further bearishness in upcoming trading sessions and the prices shall further move down to next support levels at 4-3.80 levels.
Target 1: 4.1
Target 2: 4.0
Stoploss: 5
Risk Reward: 1:1
