Wednesday, October 22, 2014

DLF (by EOD Oct 22)


Monthly chart:
1) moving towards channel bottom. (E).
2) E seems to be around 86.
3) If I do numbering for WolfWave in the monthly chart, target looks scary and it is pointing sub 50 level.

Hour chart:
1) 5th wave has started.
2) 161.8 retracemnt of 4th wave is: 86.

5min chart:
1) 1-3-5 forms a super resistance line.
2) Potential ST target per Wolf-Pattern is: 114 (approx)
3) For the up move (2 to 3) (ie,100.1 to 123), 38.2%, 61.8% and 161.8% retracments are: 114.3, 109, and 86.

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