DLF trade ideas
DLF Explosion ReadyThere's an expected strong intraday momentum for the following trading session due to the listed factors:
1. Ongoing Market Volatility
2. Long weekend trading order absorption
3. Continuation pattern peaking in the continuing downtrend
4. Demand and Supply zoned followed by low volume clusters outside value area i.e. any breach has no obstruction from forming a trend
5. Constricted CPR likely to expand and translate into broad price action
Possible Sell Trade for DLFDLF Fake Double top Formation on hourly chart, there is a possible sell trade for DLF if it closes below 201.10 on 5 min candle chart before crossing 214.45(if it crosses 214.45 then this sell trade is void)
Sell Below: 201.10
Min Target1: 187.85
Min Target2: 174.55
SL: 214.45