DLF ANALYSISHello
DLF Price Action Analysis Before Market Open.
Date- 09/28/2021
Time- 08:25 AM
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DLF trade ideas
DLF TECHNICAL ANALYSIS You can see double breakouts and also get bullish candel so, perfect time for entry..
DLFTrade Setup:
Stock making a round bottom. EMA's slopping upwards.
Weekly: Crossed 10 year resistance. Took support on trend line (thick pink line). Broke trendline (thin line), retest done, and bounced again.
Entry = 319.80 INR
SL = below 268 INR (on weekly closing basis)
Target = 393 INR (T1) and 453 INR ie; Fib levels (T2) and 493 INR (T3).
For T2, T3, patience is needed.
RR = 1.45 (with T1 consideration)
DLF - BullishDLF -
We have a high quality breakout in DLF accompanied by AROON crossover and heavy volumes.
Short term expectations - 380 / 400 & 450
Divergence Trade 2: Long DLFDLF is taking support alongwith mild divergences shown by all the three RSIDIV. Long position can be taken.
CMP; 335
SL: 329
Target: 345.
Also we can take PE bull spread by selling PE 335 at 11.2
and buying 320 PE for approx : Rs 5
Max profit 15 K and profitable above 330. Max loss 30K. Though risk reward ratio looks odd, we will benefit even if DLF doesn't move at all.
DLF Cup and handle breakout and retest Dlf is looking for a swing , a swing trade can be initiated once the price gives closing above the resistance trendline .
On a daily time frame the stock has formed a cup and handle pattern and given a breakout from 0.5 Fib levels , now it has corrected and retested after the breakout .
so once it gives a breakout from this trendline it may give a good move upto the given levels .
Also on 1 hour time frame it has formed a double bottom .
I'm a beginner , I'm just sharing my views.
DLF Short Term BreakoutThe stock has broken out and retested therefore undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper trendline. The target is placed near previous swing high.
UPTREND EXPECTED IN DLFtrade setup
*wave 2 retraces more than 50% of wave 1
* wave 4 retraces approx to 50% of wave 3
*now uptrend is expected in the script.
* target 1= 390
* target 2=405
DLF - Reversal in polarity The best time to add realty sector is right now.
ensure a daily closing of 331
dlf short ideadlf has shown active price denial action at 1.618 retracement line of last year march low. So, taking it a trend reversal point a short can be initiated for target 317. For better understanding refer chart
DLF Symmetrical Pattern (BullishFirst Target 339
Second Target 406
SL-279
Disclaimer: I'm a beginner trader and sharing the ideas only to learn and get feedbacks. Please don't follow without your analysis.
2 Awesome oscillatorWhen both awesome oscillator
First one fast line 5 and slow line 15
Second one fast line 12 and slow line 26
are above zero line then buy.
Below the zero line sell.
DLF Wait for break out@ DLF wait for break out.
if it breaks 336.85 the the next target would be 392.75 & target 2 would be around 431.
