Inv Head & ShouldersThe stock has displayed inv H&S on a weekly timeframe & based upon that the target is provided.
However the rsi is in the overbought zone and may expect some selloff.
The volumes this week has also soften over the previous weeks.
Previous level resistances have been easily broken.
DLF trade ideas
RANGE BREAKOUT CONDITIONS, READY TO FLY1. This stock trading in box from last eight sessions.
2. Clear ichimoku level on DAILY, WEEKLY, MONTHLY time frame. Stock showing signals for Uptrend continuation.
3 Above 482 good for entry. Potential to reach 500, 550 600 .
Please make your analysis or consult your financial advisor before entering into trades. This view shared for educational purposes only.
DLF - Breakout after 520DLF - CMP 459.95
Breakout after 520
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
DLFTechnical analysis is a method of evaluating securities (such as stocks, currencies, or commodities) by analyzing statistical trends, patterns, and chart formations derived from historical price and volume data. It is primarily used by traders and investors to make decisions about buying or selling assets.
BULLS EYEING DLF ??!!Chart shows favourable situation for Bulls to conquer
Reasons for my opinion :
1. Inverted Head & Shoulders pattern in Weekly timeframe, gives a target of 100 points to 500 level.
2. Adding to that , It is also trading in a Channel pattern which adds more to target.
3. Weekly Breakout is seen with volume.(there is wick at the top of breakout candle , need to be cautious)
4. Also in Monthly timeframe, there is a Cup&Handle like pattern .(handle formation is in progress...lets wait for it to complete.)
Then, Our Sacred Stoploss would be Weekly candle closing below 385.(Less risky)
Red horizontal line - Major Resistance(may act be a consolidation zone).
LET'S WAIT AND WATCH!!!
Note - Just sharing my view....not a tip nor advice!!
decade breakout likely to take place in DLFthe counter is all set to make a decade breakout and once this takes place, the short seller has to just keep hiding for a safe place
the counter trading near its 009-2010 zones
the counter gave a strong upmove in the past couple of weeks
now here is a likeliness of continuation of this upmove
support now at 390-410 zones
resistance nothing much before 560-580
BREAKOUT STOCKS (DIFFERENT PATTERNS)Hello friends many regards I am sharing an idea which I observed on last trading session of previous week on Friday and saw there is one sector index is gained 3% and leading all the Indian indices at that day so after I checked some of that sector stocks and got proper synchronization with them index and give breakout by different patterns so as per my little knowledge I am sharing below with proper stop loss and targets hope it will work for us for Educational purpose only.
DLF-:
As we can see on daily time frame this stock given a breakout on daily time frame chart on a falling wedge pattern so we can think for a long in it stock with the target of from where fall starts in it and it was 418 levels with the stop loss of breakout candle low close on daily basis.
PRESTIGE-:
Ass we can see this stock trading in parallel channel from last few days on daily time frame and breaking out a range of from that channel so we can think for go long in this stock for the target of 438 and 474 with the stop loss of the close below from the channel and that is 408 on daily candle basis
OBEROI REALTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on daily time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 909 levels with the stop loss of breakout candle low close on daily basis.
GODREJ PROPERTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on 4 Hour time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 1182 levels with the stop loss of breakout candle low close on daily basis.
NIFTY REALTY (MIGHTY FOR ALL OF THEM ABOVE)
As we can see that this index is bouncing exactly from the swing lows of February 2023 with bullish divergence of RSI indicator as we can see that the current low price is higher from previous low but current RSI is higher from then so that I am considering that it is a bullish divergence on daily time basis and this sector will perform Forefront from all sectors.
All are in very good risk to rearward ratio only you have to do Re-check mine Idea on your setups too.
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
DLF. - Elliot Wave - Ongoing ImpulseHello Friends,
DLF has been showing sharp upward movement for a few weeks.
It has completed a major degree of correction, which seems to be a significant up move impulse.
3 internal wave of impulse is going on, targets are the marked basis on fib extension on 1-2 internal wave.
3 wave seems to be an extension, it has already crossed 1.618% levels.
Move is expected to continue until 5 Internal wave is completed and then we will enter into correction of this wave.