Wednesday, December 31, 2014

DLF (By Dec 31 EOD)


Numbers:
142: Weekly Chart Channel Resistance.
138.32: HEMA
137.70: CloseValue
137.6: UpperBand
137.40: CloseValue (adjusted)
137.08: 21 Hr SMA
136.35: WMA
135.69: 34 Hr SMA
135.49: LowerBand
133.83: LEMA
133: Weekly Chart Channel Support.

History:
138.25: During last down move, 4th wave ended here. (today price made one attempt to cross this. and could go upto 138.20 only)

new signals:
1) Stochastic (Day): turned up, trigerred two days back. Today above 20
2) MACD: Buy in hour chart

Existing signals:
1) Sell in MACD Day, Week, Month Charts

NOTE:
Green line, grey line and red line seem to be possible end point of this up move, with high probability is towards 142 level (red line).

Conservative Plan:

  • Green line just above 140 seems to be the minimum target. If opens below this, we can buy for this tgt. If opens above this line, then we can look forward for the 142 level.
  • if price opens below 138.25, we may buy for the target 138.20









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