As per Charts, DLF looking exhausted in its non- stop runup from 80 levels to 165 levels. High expectation on DCCDL sale stake is what is keeping it at its current levels. Once that is out, and if bad q2 results, then we may soon see 130 levels
As a student of Technical Charting....i always follows price ....top down method. overall in downtrend ... any bounce back sell.. may tin day or two a bounce back is likely...chance tomm from around 100 levels...
DLF after a long up trend journey broke at 158.00 and retested this level to breach further up move but remained unable to further move, it seems to have established down trend and approaching its support at somewhere between 125-122 in near term, risky trader may go short in this stock at CMP,conservative trader may wait to breach the falling wedge and wait for...
I have below analysis on DLF. 1. We have nice ABCD reversal setup with 2.618 level retracement. So can expect some upside move from here. Gap down can change the possibilities. 2. We have potential Bullish Butterfly in the making on hourly chart. We are in the D leg. I will cover that part once we get some confirmation when D leg gets real extended towards...
Price action is very important in predicting the future move, don't rush into the trade Last time when I posted the DLF idea it went south. SL hit. For this time the analysis seems nice as wave-c remains to get unfold. Good risk to reward ratio regards
Buy DLF intraday with Target of 155 and stoploss of 150
If the trade setup is right D leg just reversed short of 2.0 retracement of BC leg. it can be from 1.618 to 2.618. so just we will have to check whether it has started its journey towards the target of 152 or still it will test further fib level above 2.0.
NSE:DLF Buy = Rs 147 to Rs 154 Stop Loss = Rs 131 Target 1 = Rs 169 Target 2 = Rs 192
SELL DLF @ 157-160 with SL 162(closing basis) TGT 142
X-point High@159.40 is critical level -Any breach shall violate the pattern downside we could look at swing high-B@152 as first target - 150-2nd Target & 146 as 3rd Target
A bullish Gap up after 61.8 % retracement
The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance...
On hourly chart, the price action has confirmed a breakout of resistance that shall take the price action to next resistance and psychological level of 170. Stop loss 166