DLFPrice is moving within a channel and now it is at lower trend line support. So price can bounce from it.
Buy above 836 with the stop loss of 829 for the targets 842, 850, 856 and 864.
Sell below 820 with the stop loss of 828 for the targets 812, 804, 798 and 790.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
DLF trade ideas
DLFPrice is having double bottom support at the zone 800. Price can bounce up from this zone or it can fall further.
Buy above 812 with the stop loss of 806 for the targets 818, 824, 830 and 838.
Sell below 798 with the stop loss of 805 for the targets 792, 784, 778 and 770.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
DLF.. At resistance .. Will it break? Hello👋
Today I have picked DLF stock
In monthly tf good rounding bottom pattern made..
Price facing resistance above 900 .. As stock trade between 800 - 900 range since few months.
Price has given good breakout & retest in 4 hourly tf.
Good results y - on - y
If any hourly candle closes above 890 it can be good opportunity.
Its my view. Plz DYOA. No buy / sell recommendation. 🙏
Thank you
DLF Chart set up and my trading strategyDLF
We are looking at daily charts of DLF
- the stock looks like trading in down trend channel since Apr 2024
- the stock is trading below both 21 day and 63 day EMA
- 21 day EMA is below 63 day EMA
- channel resistance around 840
Chart structure is looking weak
- likely support zone around 200 day EMA which is currently around 769
Given the set up and my view, my trading strategy
Sell DLF 29 Aug 2024 850 Call option currently around 19.5
Review point if DLF sustains above 842 on closing basis
In built protection for a rise up to 869.5 till 29 August 2024 (giving ample scope to adjust / exit with less damage in case view is wrong)
Max profit potential (Rs 16087) on Margin (Rs 126800 approx) : 12.5% approximately till Aug 2024 expiry
The strategy covers known risk and provides some cushion above those levels to some extent and provides decent ROI potential.
Do not follow me blindly.
Understand the implication of the strategy and learn to manage your risk
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 Date 11.07.2024
DLF
Time frame : Day Chart
Remarks : The stock has formed a descending triangle having decent data size consist of 162 days of price action. That also means stock has been closely moving in the range & sincerely following the foot steps of descending triangle pattern.
Now at this junction the stock is below of it's two major trend definer exponential moving averages that is 50 ema & 100 ema. Importantly stock is at the base of triangle pattern.
And below the base of triangle pattern 200 ema is waiting to extend it's support
In case, if stock breaks 50 ema + 100 ema + descending resistance then there's sharp upside momentum will be seen & vice versa if it breaks base + 200 ema towards downside then sharp correction will be seen.
Stock is at make or break junction because stock has reached at the end or completion of triangle pattern, now either side sharp moment should come in coming days .
Regards,
Ankur
DLFPrice was falling for few days and now it is trying to consolidate and move up. Price has formed a wedge pattern.
Buy above 822 with the stop loss of 816 for the targets 828, 836, 842 and 848.
Sell below 808 with the stop loss of 814 for the targets 802, 796, 790 and 782.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
DLF - 3 in 1Patterns I see in the chart are 1. Symmetrical triangle 2. Bull pennant 3. Bull flag. I like symmetrical triangle as it has the chance of moving the price up or down.
Resistance is seen at 880 zone. Support is seen at 860 zone. So price has the opportunity to move within 860 to 880 and form a range.
Buy above 874 with the stop loss of 868 for the targets 879, 884, 890 and 898.
Sell below 858 with the stop loss of 864 for the targets 852, 846, 840 and 832.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
DLFPrice is at trend line support now. Sustaining above 830 can make the price to move up further.
Buy above 830 with the stop loss of 824 for the targets 835, 841, 848 and 856.
Sell below 818 with the stop loss of 824 for the targets 812, 806, 801 and 795.
Near by resistance is seen at 835 - 837. When price reaches that level, observe the trend strength and trade accordingly.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
DLF Is showing continues correction from upper levels Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
DLF is forming lower lows from past few weeks
now it has come around prev support level
Wait for price to form price action pattern
if decisively sustains outside the range of 780 to 850,
directional movement could be possible
However in case of Bearish pattern at higher level, it may come back to prev week's range
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
DLF BEARISH PATTERNstock made bearish pattern on daily chart making lower high many time bounce on 800 level once stock trading below 800 level will see a sharp fall
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
DLF, Technical Outlook 22-MayTrend Negative, Strength Medium
The degree and nature of separation in both bands indicates a negative trend.
The price is trading on the lower side of STMA Band.
The probability of a next negative candle is more than 70%.
Important levels are marked on the chart.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.