DLF (by EOD Oct 30)

Day Chart:
0) Until 5EMA goes above WMA, bearish scenario persists. 5EMA = 118.41 and WMA = 118.92
1) Buy signal in MACD
2) Closed above WMA(15) and below 15 SMA, 21 SMA, 50 SMA
3) Note that, last few times, every MACD buy in day chart, follows a big fall.
4) WMA to use for Oct 31 is: 118.92

One hour Chart:

1) 21hrSMA has done bullish cross with 34hr SMA.
Red 4th wave is still going on. As indicated in the image, c of last 3 in 3-3-3 (zigzag) is just started.

5min Chart:
1) looks like 4th wave is heading towards 129.67 or 131. (129.67 is golden ratio of red-3rd wave; 131 is the red-diagonal channel's top)
2) Another significance in this region is, it is visible from Day chart that, On Oct 14th, one can see a gap down open: from 144.10 to 132.25.

10min chart:
1) This suggests that ABCDE has completed with false break out at E.
2) This means, it can make a move towards south (towards bottom of the channel)


Possible bullish strategy:

Once price breaks ACE line on closing basis, go long. Till price reaches 129, stay in long. Then wait and watch.
It could either fill the gap above 132.25 or move down in the diagonal as indicated in the 5min chart.

Possible bearish strategy:

To be derived from the observation done in 10min chart observation.

DLF (by EOD Oct 29)

Observations:

Kept 5min chart of DLF spot and a 5 min chart of DLF Nov Future.
1) Looks like DLF is forming Diagonal, with green 4 on WS1 and green 5 is just above WP.
2) With respect to DLF NovFut chart, green 5 is done. And with respect to DLF Spot, green 5 is yet to be done.
Structure of green 4 to green 5 looks like abc form.

DLF (By EOD Oct 27)

Observations from Monthly and Hourly charts remains same as mentioned in Oct 22nd.
Following targets were achieved: 114, 109. Pending target: 86.
Let us look at the 5th wave, which started at 123 on Oct 21.
So far it has done upto 109. The down move from 123 to 109 has a 5-wave pattern. This is indicated in the 5min chart, in green, with numbering x-i-ii-iii-iv-v.
As 109 is bigger than end of 3rd wave (100), we could view current dowm move to 109 as wave1((x)-(1)) of red-5th wave.
For the down move (x)-(1), retracements are: 112 (23.6%), 114 (38.2%), 116(50%), and 117.6 (61.8%).
But today price started with gap down at: 115.45. So, current tiny upmove may get over around 114. Let us mark this as end of (2). And this is the possible entry to travel in the sub 3rd wave (3). This current wave (1)-(2) happening in a small up-channel.