DLF trade ideas
Will DLF Fall Again Starting December? 📉📆Hey TradingView community! 👋 I'm looking for some insights on DLF's future movements as we approach December.
What are your thoughts on DLF's performance? Are you observing any particular patterns or indicators that might indicate a potential fall in December? Share your insights, and let's discuss!
Let's hear your thoughts! Will DLF fall again starting December? Comment below. ⬇️
Technical Trend Analysis on DLFBased on my analysis of the DLF chart, I have identified some interesting price action patterns and key levels to keep an eye on. Here are the key points:
1. As on Friday it gives some sort of weekly breakout
2. come to daily time Friday , it seems to give good bullish move from here.
Considering the price action and the identified patterns, here's a potential trading strategy to consider:
Breakout patterns are generally reliable if it took many attempt to cross but could not make it in weekly tf, any how if this could happen , it is expected to move further in near future.
Please note that this analysis is purely based on price action observations and should not be considered as financial advice. Always conduct your own research and consider risk management strategies before making any trading decisions.
🙏 Disclaimer:
DLFNSE:DLF
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DLF LOOKING GOOD FOR SWINGAfter experiencing a notable rally, DLF recently underwent a pullback and successfully reversed from the 0.618 Fibonacci retracement level, commonly referred to as the golden ratio. This technical indication suggests that the stock is poised to resume its upward trajectory. With the pullback phase completed, DLF appears ready to continue its uptrend and potentially reach the target range of 526-530. Investors may find this an opportune moment to consider DLF for potential gains, given its favorable technical setup and the possibility of further price appreciation in the near future.