Symmetrical triangle in DLFPrice formed Symmetrical triangle pattern. Volume increased in every upswing and decreased in every downswing and flatten out which means still buyers are holding it. So breakout with huge volume will confirm the trend.
DLF trade ideas
DLFHad bounced ahead of budget on expectations..
today has broken down form a rising trendline
is heading towards 170/174
SELL on bounce with stops at 188
This has potential to go to 164 also
DLF longBuy DLF at CMP with SL 173 Tgt 200 by April expiry
After minor gap fill in 176-175 area , stock poised to move higher based on extremely oversold RSI...and inverse H&S formation
DLF LongBuy DLF at CMP SL 179.85 Tgt 200
expecting 200DMA to act as strong support!
Attractive Risk-return framework
Max OI pain at 200
DLFTechnical indicators show that price has now come to its supply zone. Prices should come down 160, and may be exceed our expectations to go below 140!
DLF kumo breakoutDLF is showing kumo cloud breakout. Also an inverted H&S pattern is seen signalling end of downtrend and start of uptrend.
However stochastics are overbought, so need to be careful there. We can go long with a trailing stop loss of Kijun Sen line.
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
rule of 50although its can be considered as good analysis...but still cant figure out how to trade with good accuracy.....
dlf ..support and resistance levelsall support and resistance price levels are pre-decide and could be found out by analysing the previous data/chart...
DLF Tech setupDLF bottomed out on May 22 as indicated by the high volume long-tailed green candle, but price needs to travel beyond a key hurdle before bear could be pronounced as dead.
The share price is stuck inside a falling wedge and only a daily close above Rs. 212 would confirm a bull breakout and open doors to Rs. 226 (April 30 high) and Rs. 242 (rising trendline hurdle).
However, the bearish crossover between the 5-day MA and 10-day MA calls for caution. Also, the tide could turn in favor of a drop to Rs. 188 (wedge support) if DLF finds acceptance below Rs. 200.
For now, I prefer to trade from the short side below $200.
Longs could be initiated if prices break above Rs. 208. In this case, the bulls could attack falling wedge resistance located at Rs. 212
