DLF trade ideas
DLF - H&S at trend linePrice forming Head and shoulder pattern and the price after completing right shoulder now it is about to break the trend line. Targets given !!
DLF: Chart view and trading strategy for the month of MayDLF
Observations
- the stock is currently trading in downward yellow channel
- 20 day EMA at 255
- 50 day EMA around 267
-38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270
Given the important levels
One may consider a Bear call Spread strategy in DLF
It involves selling Call option and buying higher OTM Call option
Sell DLF 27 May expiry
270 Call Option
CMP 5.2
Simultaneously
Buy 290 Call option
CMP 1.8
The spread strategy reduces margin requirement and thereby can give higher ROI ( approximately 13.5% yield potential on margin requirement )
Max profit potential in strategy Rs 11220/- per strategy lot
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DLF ANALYSIS ON DOWN TRREND LINE BREAKOUT 30.04.21BUY :247 TO 230
TARGET 453 TO 568
High conformation Buy above 263 .
Reason For Buying This Script :
In this script long term down trend channel has broken , Now it is happening retest moment . So we can go for buy . If it close above 263 in weekly time frame then we can also go for buy.
Don't miss opportunity.
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST.
Dlf longDlf if closes above 257 can lead to 275/280 in may series
May 260 ce is available around 12 targetting for 20/30 for this may series
DLF Preparing with Bullish Price Action.WEEKLY CHART
1. Bullish Hammer Pattern
2. Bullish Engulfing on daily
Chart
3. Almost close to 50%
retracement of current
rally.
Bullish engulfing pattern in daily chart.Go longA bullish engulfing candle after a small correction in daily chart.May occur a hammer candle in weekly chart.A short term buying opportunity with the targets and stoploss as mentioned.
