Monday, December 8, 2014

DLF (By Dec 8, EOD)

Observations:

WeeklySupport: 151; Weekly Pivot: 158
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retracements for Buy:
151: 23.6% retracement of the raise from 100.1 to 166
157.33: 61.8% retracement of the raise from 151.35 to 166.

retracements for sell:
163: 61.8% retracement of the fall from: 166 to 158.6. (Here HS Pattern forms shape)
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Week Chart:
Channel resistance: 177; support: 153. (Next Week Ch Res: 183, Supp: 163)
5EMA: 152
purple support line: 151
MACD: buy in current candle.
LowerBand: 146
UpperBand: 150
Wave: 3rd wave started from 136.50. (2nd wave of this 3rd wave has started today morning.)
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Monthly Chart:
Support line: 141
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Day Chart:
UpperBand: 157; LowerBand: 153; WMA: 153
Channel Res: 167.5; Support: 147
BrownCh Support: 158, Res: 179
Candles Stat: (ends inclusive):
x-1: 4; 1-2: 5; 2-3: 10; 3-4: 10; 4-5: 9 so far.
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