DLF trade ideas
short term posinal buyDLF it breaks 240 level it will easyly achive 260 . and if breaks 262 long term monthly resistence it is tuching 300 level with in one month time period
#DLF CASH : LOOKS GOOD ABOVE 241.10 AND WEAK BELOW 230#DLF CASH
17.12.2020
LOOKS GOOD ABOVE 241.10
AND DIPS 237.50
SL 234
TGT 247-248/255/265
(ALL SELL BELOW 230 SL 235
TARGET 225.50/221/216)
CMP 234.50
DLFIn daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222.
Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI candle and closing below the midpoint of the 1st candle (bullish one )
Negative RSI Divergence happens in an UPTREND when the stock/index makes a higher high but the RSI fails to do so making a lower high and curls downwards.
thats how i traded DLF,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)
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happy trading
god bless you all
DLF Long...DLF above 210
BO after 9 month consolidation
support at 180
decent volume in last few sessions
above all important moving average
DLF HEAD & SHOULDER 30MDLF is showing a head & shoulder pattern in 30min timeframe. It could be a good intraday trade in it breaks the neckline of the pattern. You can place your SL above the nearest swing high. Always keep your risk managed. Cut your losses quickly and ride your profits. Happy Trading!
DLF to take long entryLong DLF above 212 TGT 240 SL 196 . BO level on W & M time frame. positive divergence seen . Stock is at good level to trade. Good risk to reward ratio. This is for your educational purpose only.
Double bottom/W pattern formationThe stock broke the neckline of the W-pattern and looks good above 202.3 level
CONSOLIDATION ON DLF. WATCH FOR A BREAKOUT ABOVE 190.The stock has been consolidating and breaking above the trendline @ 190 levels could fuel more bullish buying. Watch out for resistance in 197-200 zones.
DLF LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
191.70-190.8 CAN ACT AS GOOD RESISTANCE; BUY ABOVE 188.5.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
DLF Intraday Nov 30 2020In higher time frame - price touch the channel pattern resistance area
In lower time frame - price forming LH,LL + triangle pattern formed
Expecting price to make fib area level using fib extension tool marking T1 and T2 area
