DLF trade ideas
Let's try to predict price with timeHello everyone, will be experimenting with 2 things to predict time and price for a stock. Have considered my life's first traded stock "DLF".
(Pls don't consider this for any investment purpose, it is for education purpose only)
1. Firstly, this time I am trying to play with Geometry shapes in charts. While learning about Fibonacci ratio we might have come across that this spiral shape (ratio) is found across all types of nature, i.e. plants, animals, solar system etc. One more shape which is very common is "Circle". We regularly use lines, rectangle and square but I have never come across anyone teaching to use circle shapes in charting system. So for research purpose have just started with placing a circle wherein it can touch maximum low or close points.
2. Secondly, I have also used a Gann Square of 9 to check how it has respected historical support and resistance. But before applying GANN numbers it is important to know that this chart is having a fixed price to bar ratio of Number 15. Hence have multiplied all the numbers of GANN mentioned in the chart with number 15. It is amazing to see it has respected 45 deg, 135 deg, 225 deg, and 315 deg. Till date it has respected these levels but don't know if it will be respected or not.
If this theory turns right, we can see DLF price to go in between 1100 to 1200 by Apr-24 or (20 months)
DLFNSE:DLF
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
DLF BO !!NSE:DLF
#NSE:DLF formed Descending triangle, TL, Cup & Handle BO.
Descending Triangle BO is too perfect, stock move up from downwards and Trend line tried to break 4 times and given BO candle closure for 5th time.
Adding to that a beautiful #Cupandhandle pattern.
SL marked for practice, Target open.
Watchout for channel breakoutThe stock is testing it's channel and looks good for intraday above 391.75 and swing above 397 for further upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Dlf could be sellNSE: DLF
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 346 This could be taken as a maximum downside target from my opinion
2. Time Frame:- 1 Day
Conclusion:-
A Resistance which is at the current level I have seen some forecasts show that it could be down and could be followed by the market but if it breaks the small gap also I got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
We are not responsible for any profit or loss
Based on Your Own Risk this is only to show you what's going on
[ Positional ] DLF Long Idear : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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