DLF trade ideas
DLF - Taking support at the lower trendline ?NSE:DLF is it taking support near the trendline or gonna break down going forward?
141 BUY 175 BYEThought i'd check up on a previous request this has still been following its pennant and has no reason to break below it assuming people still dream of owning their own home.
Not going to be a exciting share for me personally but definately worth trading the breakout or buying the bottom of this pennant.
Since its so close to the apex can expect a break out soon .
217 is where i would say it will pause for some time with 280 being major resistance .
SL 139.65
DLFThe price is very close to the resistance level, bumping near the 162-165 level. The price is supposed to break out higher and can hit the target of 170-172. Since, the price has been showing a long buildup and was in a range, it can achieve 2-3 targets by picking up momentum.
First Target (170-172)
Second Target (180-183)
Look out for the nearest support level (155-158) as the market can test this level before breaking out above the current resistance. The pink support level is really important as it can give an insight into the next price action trend for this stock.
Thanks
P
Buy DLF : Breakout tradeDLF is looking good for an upmove with the channel breakout. Options data also suggesting good support between 150-152 levels.
Launch by 7th of July Quick look at this as a request looks like this is also getting ready to break out of this pennant since Feb with the 99 day having rejected it and the 50 day offering support at present .
Dlf (breakout possible?)Just an novice ...self learning.
If dlf manages to cross this intersection point of resistance zone (intersection of resistance levels of parallel channel and triangular pattern) , most likely to test higher levels... let's see, if I'm wrong, friends please offer your views for corrections.
In Chanel movement DLF on daily chart. Swing trade oppertunityswing trade in the channel. watch out for any breakout.
DLFIts about to approach its resistance of March which is 172, if it crosses then it ll be flying to 177 and sustain than 183 another stiff resistance.
The way it has raced in last few sessions, it can see a reversal from 172 levels of 163 and 159
DLF potential long candidateIf NSE:DLF breaksout from the current supply zone, it can head towards 170-180 levels. If it can cross through that zone as well, then it could reach 198-200 levels.
Short term view for DLFCurrently stuck within range....breakout and close above 160 should fly till 210-220 levels....breakdown below 135 should fall till 100-85
DLF Dlf , cmp 150.65 , stock has generated good upside with volume , the stock can be bought in range of 148-143 for an upside target of 160 and 167 , sl on closing basis 135
