Price 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.
Had 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
Buy 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 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.
It 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...
although 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...
DLF Limited is an India-based real estate company. The Company is primarily engaged in the business of colonization and real estate development. The Company is primarily engaged in development business focuses on the development and sale of residential real estate, which include plotted developments, houses, villas and apartments of varying sizes and integrated townships, with a focus on the luxury residential developments. The Company’s operations span various aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. The Company is also engaged in the business of generation of power, provision of maintenance services, hospitality and recreational activities. The Company is also involved in lease business involving leasing of developed office space, information technology (IT) special economic zone (SEZ) and retail properties.
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DLF
