DLF trade ideas
DLF - Buy for long termSuch a beautiful pattern for the long term as well.
Cup and handle formation + Flag Pole formation + 15Y resistance breakout zone (Consolidation near the resistance for 12-13 months with a good average volume)
A monthly close above 450 can take this stock to 2000 in a few years !!
Buy now at 380 & Add more on a month close above 450 (Do pyramiding)
SL 390 MCB
DLF: Chart set up and trading strategyDLF
Multiple Line of resistance around 376 - 385
- 21 day EMA around 370
- 63 day EMA around 369
- 252 day EMA around 354
Given the set up one may consider a Short strangle strategy in DLF
Sell DLF 400 Call option
Sell DLF 340 Put option for October series
Net receivable Rs 9.6 per strategy lot.
Max profit potential Rs 15840 per strategy and gives a yield potential of approximately 11 % on Margin till expiry.
Review points, if closing below 353 or above 385
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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 - Cup & Handle and Downward Trendline Breakout1. On 1st September, DLF brokeout Downward trendline and also Cup & Handle pattern resistance with high volume & strong closing.
2. Now pullback & restested the previous resistance level. It may further pullback, restest & bounce back from the Upward Trendline.
3. Recently Realty, Infra & Cement stocks are doing well.
DLF a monthly cup and handle breakout on cards 500+ target!DLF is a potential multibagger in making, currently its consolidating near a previous high. If it manages to take it out with good volume it will not stop! As it has great deal of consolidation in it. One must give it a few months before making any judgements.