DLF Breakout Monthly RSI above 60
Weekly RSI above 60
Daily RSI above 60
Best stock for positional Trade for 3-6 month
DLF trade ideas
DLFDLF:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Rounding Bottom pattern breakout in DLF LTDDLF LTD
Key highlights: 💡⚡
✅On 1 M Time Frame Stock Showing Breakout of Rounding Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 815+.
✅Can Go short in this stock by placing a stop loss below 340-.
It is already flyingThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
445 coming.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE Nifty India - Will it outperform Bank Nifty?3 Reasons why the Nifty may perform better than BankNifty in the next few months
Banks are relatively overbought - Esp ICICI, SBIN, Kotak, HDFC
FMCG, Auto could help the Nifty outperform Vs Bank Nifty
Bank Nifty has hit its life high and reversed - the Nifty still hasnt
DLF shortDLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
DLF LtdDLF Ltd
ABOUT
DLF Ltd with its subsidiaries, associates and JVs is engaged in real estate development, from the identification and acquisition of land to planning, execution, construction and marketing of projects. It is also engaged in business of leasing, generation of power, provision of maintenance services, hospitality and recreational services which are related to the overall development of real estate business.
KEY POINTS
Business Presence
The company is engaged in the business of real estate development, leasing, power generation, maintenance services, hospitality and recreational activities. It has a presence in 22 cities located in 14 States and Union Territories across India.
Dow Jones Sustainability Index
DLF Limited was the only Indian real estate Co. to be included in the Dow Jones Sustainability Index in the Emerging Markets category for its sustainability initiatives and ESG practices.
Projects Portfolio
As per Feb 22, the company is engaged in development of an area of ~35 million sq. ft. which consists of commercial and residential projects with a total sales potential of ~47,000 crores. Out of this pipeline, DLF has introduced ‘Independent Floors’ in Gurugram which has significantly contributed to the company’s performance.
New Launches
During FY22, the Co. launched its luxury development, ‘ONE Midtown’ and realized ~Rs. 1,952 crore of sales bookings from this project.
TECHNICAL ANALYSIS.
Time Frame - 1W.
1. Stock create a rounding bottom pattern on the weekly charts.
2. Stock gives weekly close above the level of 2009.
FUNDAMENTAL ANALYSIS.
Sector: Realty
Industry: Construction
1. Market Cap - ₹ 1,21,030 Cr.
2. Stock P/E - 52.4
3. Price to book value - 4.20
4. Debt to equity - 0.11
5. Free Cash Flow - ₹ 1,548 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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DLF end of 1st impulse but many more to comeDLF if closes below 478.1 would mean a pullback to 430 levels but this correction will be Wave 2 of larger impulse next would follow Wave 3 Up so keep a watch on this stock.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
Inv Head & ShouldersThe stock has displayed inv H&S on a weekly timeframe & based upon that the target is provided.
However the rsi is in the overbought zone and may expect some selloff.
The volumes this week has also soften over the previous weeks.
Previous level resistances have been easily broken.
RANGE BREAKOUT CONDITIONS, READY TO FLY1. This stock trading in box from last eight sessions.
2. Clear ichimoku level on DAILY, WEEKLY, MONTHLY time frame. Stock showing signals for Uptrend continuation.
3 Above 482 good for entry. Potential to reach 500, 550 600 .
Please make your analysis or consult your financial advisor before entering into trades. This view shared for educational purposes only.
