Sunday, December 14, 2014

DLF (By Dec 12, EOD)


Numbers: (SPOT)

157.61: SM UpperBand
155.58: SM LowerBand
150.50: Diagoanal support. 
146~145: 

Numbers: (FUTURE):
151.50: Diagoanal support

End point of current down move (from 166):
During the upmove(from 100.1), 2rnd wave of 5th wave (from 136.5) ended at: 146.05.
So, 146.05 will provide a good support and hence a potential reversal point. If this happens, in DayChart, following changes will happen:

  1. Move from 100.1 to 166 will be marked as 1.
  2. move from 166 to 145.05 will be marked as 2
  3. move from 145.05 will be the 3rd wave. 

Duration of 5th wave of the down move (from 166):
As only 3rd wave has extension, 5th wave should be equal to 1st wave.
So, we expect Wave1 = Wave5.
Wave1 covered 8,8 points (=166-157.2) in 5 candles.
One candle is over for Wave5. So, we expect 145.05 in 4 candles. (means between 12noon to 1pm on Monday). 

So, last 1 and half hour  or 2 hours, we can see 1st wave of 3rd wave.

Uploading 60min chart and day chart:










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