DLF sell given near 777 , 733 low yesterday hold sell trade On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
DLF trade ideas
DLF ready for fall On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Which Realty stocks do you own or are you bullish on ? The realty sector is doing better than the Nifty. Which Realty stocks do you own or are you bullish on ? I personally own the two stocks listed below: -
Anant Raj Limited,
Godrej Properties Ltd.
I've included two stocks on my watchlist below: -
Peninsula Land Ltd.
Purvankara Ltd.
To make money from the stock market, you must hold sector stocks that are outperforming the market and ride the upward trend all the way to the finish.
DLF_Changes His Orbit From Earth_Perfect Rounding Bottom PatternThe rounding bottom pattern, also known as the saucer bottom or bowl bottom, is a technical analysis pattern commonly observed in financial charts, particularly in stock market charts. This pattern is considered a reversal pattern, signaling a potential change in the trend from bearish to bullish. Here are the key characteristics of the rounding bottom pattern:
#Shape:
The rounding bottom is characterized by a U-shaped or saucer-like curve on the chart.
It resembles the shape of a bowl or a rounded basin, indicating a gradual shift from a downtrend to a potential uptrend.
#Duration:
Rounding bottoms typically form over an extended period, often several weeks to several months.
The gradual and rounded nature of the pattern suggests a slow transition in market sentiment.
#Volume:
During the formation of the rounding bottom, trading volumes often decline as the pattern progresses.
Volume tends to increase as the price breaks out above the pattern, confirming the potential reversal.
#Breakout:
The confirmation of the rounding bottom occurs when the price breaks above the resistance level formed by the pattern.
This breakout is often accompanied by a surge in trading volume, providing additional confirmation.
#Price Target:
Analysts often use the depth of the rounding bottom to estimate a price target for the subsequent upward move.
The height of the pattern is measured from the lowest point of the rounding bottom to the resistance level, and this distance is added to the breakout point to estimate the potential target.
#Retest:
After the breakout, it's not uncommon for the price to retest the resistance-turned-support level before continuing its upward move.
The retest can provide traders with an opportunity to enter the market or add to existing positions.
DLF - Ichimoku BreakoutStock Name - Dlf Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 719
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
DLF: CUP AND HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 468 and keeping a stop loss of 400 , look for the target of 600-800 in the coming weeks and months.
Buy: CMP
Stop loss : 400
Targets:
Tgt 1: 600
Tgt 2: 800
Theory:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: DLF (Updated)
🔍 Description: Stock is around the resistance of the pattern. We can see huge momentum after breakout. Stock might also correct from here.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
More upside left.Long time frame weekly chart of DLF.
Impulse wave starts from FEB 2016.
1st wave is a leading diogonal
which was retraced 78.6 percent
in 2 nd wave,3rd wave starts from march2020
and culminates in october 2021.
and 4 th wave retraces 38.5 percent of 3rd wave.
And there after DLF is in 5 th wave which starts from
july2022.This 5 th wave seems to be extended one.
if it sustains above 594 next target is 675.
Meanwhile it has taken out the long term trnd line red one.
Unless it falls back below this trendline next target of 675 likely to be achieved.
Not recommended for any trading.This is my study only.
If this post helps you do like this.
follow me to get updates.
DLF Trading in a channelDLF
Chart set up
- Stock is trading in an up trend channel since Aug 2023
- 21 day EMA around 550
- midline of the channel around 550
- currently trading at upper end of the channel
Trading strategy
Short Strangle strategy
Example of Short strangle
Sell 605 Call option and
Sell 545 Put option
Understanding Risk :: Reward
Net receivables in strategy 9.2
Max profit potential Rs 15180 (approx 8% on Margin)
Loss if 30 Nov closing below 535.8 / above 614.2
Any close in between would be profitable
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 - 30-10-23 moving for tgt of 585-612DLF is another interesting chart with following
1. Price forming ABCD pattern on daily chart
2. Price took support @ 61.8 % retracement
3. RSI on weekly and monthly time frame Above 60
4. RSI on daily took support at 40 levels and bounced back
5. Major support at 20 Week SMA i.e. 510 levels (which is also point - C of pattern)
6. Price formed Hammer pattern on daily chart which is being followed by green candle. Further next resistance as per fib projections can be 558-571-585
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix