DLF trade ideas
Breakout in daily time frame with high volumeBreakout with high volume and inverted head and shoulder formation,if sustain and give closing above trend line can go long with a target of 330 which is a resistance level and than 350. It is just an idea please trade as per you analysis and risk appetite. SL can be placed below trend line or near a support.
let's see
DLFDlf has gone through a Corrective phase post the 5 wave rise seen from 232 to 317, during its Corrective phase stock was back to 50 sma also it has tooked support at 50 day simple moving average, and the daily lower bollinger band, recently it turned around, from the daily lower bollinger band, along with trendline breakout, and its now trading above middle bollinger band 20 sma, macd in daily has also done positive crossover along with uptick and also above zero line, the wave structure suggests that, it has started the next leg of up move in wave 3 from the recent low zone of 279 to 287, the wave 1s high at 317.50 is a initial resistance, one can go long at current level or in dips with stoploss of 275. all the key levels are mentioned in chart with Stop-loss and Targets.
Key Levels are Mentioned on chart along with wave structure
MACD in daily positive crossover and Uptick and also above zero line
ADX DMI Ungali setup positive
Upper Bollinger Challenged
RSI in daily above 60 uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
DLF LONG INTRADAY 16 JUN,2021Dear trader,
If u look at the chart of DLF (analysis based intraday only) the DLF Buy at 305 and Target at 313
Best Buy at 303
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.