DLF (By Dec 19 EOD)

Plan for Dec 22:

To use 4-d to 4-e path: 
Using Purple channel in 15 min chart: Buy at: 132 and exit at: 133 (LET US NOT USE THIS UP MOVE.)

To use 4-e to 5 path:
sell at 4-e (136 ~ 138.75) and travel till 5 (approx 127.5). (aim: 6 points)

After 5th wave:

After 5th wave there can be a quick up move. (Cautious entry.)

• 38.2% and 61.8% retracemets of 5th wave are: 130 and 133 levels
• 38.2% retracement of full down move 166 to 127.5 level is: 142.

Note:
After 3 (133), bounce to 3-4 (145 approx) was expected and did not happen. But we saw bounce upto [4] (139 approx).

Observations:

New Signals:
MACD Sell signal in Weekly and Monthly charts.

Existing:
MACD sell signal in Day Chart.

Numbers:
149.13: 21 SMA (Day Ch)
143.69: HEMA
143.68: UpperBand (Day Ch)
139.69: LowerBand (Day Ch)
138.17: 50 SMA (Day Ch)
137.94: 5 EMA (DayCh)
137.x: Day Ch Res (red)
136: Day Ch Res
135.68: LEMA
127: Day Ch Sup (red) (approx)
123: End of 1st wave in the previous up move from 100.1 to 166
122.5: Day Ch Sup
109: Start of 3rd wave in the previous up move from 100.1 to 166