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.
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...