DLF (By EOD Nov 20 )

We have diagonal in the 5th wave of C. So, reversal is likely. 

Hour Chart:

• (5) is at 145.xy. Exit the long here. 
• One may initiate shot at 146 due to the following reasons:
• At (5) most often false breakout occurs.
• On Oct 13th, close value was 146.90. 
•  123.6% and 138.2% retracements of (3) to (4) are: 146.11 and 147.29 respectively

Month Chart:

• Sell signal in MACD in the current candle.
• Current candle can intersect with downward resistance line at: 146.xx

Week Chart:

• Price is moving in the up channel.
• Channel support and resistance are: 134.30 and 151 resp.
• 21 SMA is about to cross (bearish) with 50SMA.

Day Chart:

• C wave of XABC is going on.
• 5th wave of above mentioned C is going on.
• Up channel is broken in the down side during intraday today. But close value is with in the channel.

• Stochastic turned down & triggered
• MACD has turned down. (not triggered yet)