Thursday, November 6, 2014

DLF (By EOD - Nov 7)


Looks like at 139.20 we can short with SL around 142.
Monthly Chart:

1) Sell signal - MACD - in the developing candle.
2) current candle will hit falling resistance line at: 141.60 (approx)
Weekly Chart:

1) Bearish cross over of 21SMA with 34SMA in last week's candle.
2) this week's candle will hit falling resistance line at: 139.80 (approx)
Day Chart:

1)Stochastic = 67, RSI=46
2)MACD is buy from Oct 30
Hour Chart:

1)RSI=71; Stochastic=90.4
2) 5EMA and 21SMA have acted as Support1 and support2 in the whole of x-a3-b3-c3-d3 so far.
3) If price does not reach ChR1 before 12 noon, then it suggests that e3 is further high from 139.
5min Chart:

to be written.

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