DLF trade ideas
DLF Intraday Trade Plan for 16 Aug 2018It is BULL forming HHHL future candle.
Strategy: Try to SELL above 204.80. It shall be a scalping trade. Book immediately, as counter shall be highly volatile on 16 Aug. SL will be 0.5% If the volume is lower than 161,000 as well as BB Top is crossed, in that case: When the rates are coming down from BB Top, wait till RED candle. Consider low of RED candle as Sell entry point. SL will be BB Top + o.25%. If Volume is higher than 161,000 DO NOT consider selling. In that case SKIP Trade in this counter.
Trade Plan is based on14 Aug 2018NSE data.
NSE:DLF
rule of 50although it can be considered as good analysis..but still have to figure out how to trade with good accuracy
rule of 50
i have often seen that ..price can be broken down into small level...consider this ...
1)the price difference between two RED LINES is around 176.
2) between this price difference of 176...u see an GREEN LINE ..
which exactly between the two RED LINE...that is 50% from below or above
the red line..so now the price difference between two level one RED and
another GREEN is 88 (50% of 176)
3) now even this can futher be divided by another line (BLUE ) into half ..
which mean..now the
price difference between two levels is 44 (50% of 88)
now if u notice carefully each of these price level have acted as an support or
resistance or an consolidation peroid .
thats the rule of 50..
each of these level are important and every level is predecided...
TF is weekly here.......same happens in other(smaller)
TF