Query - Invetment Purpose
DLF _ weekly time frame Analysis
CMP 191.65 - Given Breakout on weekly chart can buy 25% of Investment @ CMP for Immediate Targets 210-226-270+
50 % of Investment add near to 140-160 rs range
25 % add near to 100-110rs levels SL 70
All levels are cash levels
HI all, DLF if it's breaks 158.80 look for 20% drop
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
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Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
The company has reduced...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
2 Lower TLs (Black thick) providing a very strong support between 178 - 179.
A hammer formed around the TLs and price bounce showing a bit of bullishness!
RSI also taking support around the TL during the same timeline.
50EMA crossing 200EMA from below and is at a converged spot, adds bit more bullishness!
Stock going up from here and crossing 184, can go up to 187...