Tuesday, November 18, 2014

DLF (by EOD Nov18)


Monthly Chart:

  • Sell signal in MACD remains
Weekly Chart:

  • Price is moving in an upward channel.
  • For this week, Channel-Support = 133.20, Channel-Resistance = 151.40
  • 21SMA is about to do bearish cross 50SMA


Day Chart:

  • Nearing the bottom of the channel with DOJI.
  • For tomorrow, WMA=135.24. Channel-support is at 136.85 (approx) and channel-resistance is at 151.4 (approx).
  • 38.2% retracement of red 2 to 3 (ie, 233.8 to 100.1) is 151.17
  • Price closed (138.55) above WMA (134.3)
  • MACD is turning down (not triggered) 
  • Stochastic has turned down. (not triggered)
  • RSI is turning down from Mid point (49.38).


30min chart (Plan):

  • Buy signal in MACD
  • Price is very close to channel bottom. 

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