DLF trade ideas
DLF Positional View !DLF : cmp : 333.95
A cup & handle kind of pattern had been formed in daily chart.
Bo done near 320 level.
Making higher highs for 3 days.
Now trading near the resitance of 340 level.
If it surpass and sustains above the level a fresh buying move possible.
So good to grab above 340 for
the TGT of 357/372/398
SL 315
Option Strategy : Sell July 335 PE @ 8.5-10 tgt : entire premium
OR
buy Aug 340 CE @ 12.5-15 tgt 22.5/25
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Buy DLF @ 334~ T- 391(Could go much higher) SL 314Buy DLF @ 334~ T- 391 SL 314.
The probability of this trade is a bit lower. However, target appears to be achievable.
It forms a good cup and handle breakout with a retest and a follow-up breakout again.
This appears to be a good setup for trend until 391 at this point.