DLF (By EOD Nov 21)

Plan:

• Exit the long @ > = 144 (SL: 136 - till break out; 144 - after breakout)
• Potential entry points for shot are:
• 144 (Reason: Conservative. One short of possible peak.)
• 145 (Reason: diagonal resistance)
• 146.xx (Reason: Gap created on Oct 13 is being closed)
• 147 (Reason: )
• 149 Reasons:
• In Table3, wave1 and wave3 has moved 17.9 and 17.4 points. (wave3 can never be smallest). 132.4 + 17.4 = 149.8.
• In Table4, 161.8% retracement of wave4 is 149.2
• 151 Reasons:
• Monday candle will meet the day chart red-channel top at 151.xx.
• As per Table1, 138.2% retracement of Wave3 is 151.xx
• As per Table3, 361.8% retracement of Wave3 is 151.xx
• On Oct 13th, max price value was 151.xx
• 154 Reasons:
• Monday's candle can meet the line joining wave1-end and wave3-end only at: 154.xx.
• 157 Reasons: 
• As per Table4, 261.8% retracement of Wave4 is 157.xx
• Diagonal channel's support line(136.7x) + diagonal channel's width(9.xx pts) is 157.xx
• Note that currently Spot is at: 140.60 and 
• 150-PE is at: 10.50 and
• 145-PE is at: 5.70 and  
• 140 PE is at: 2.75
• 135-PE is at: 1.45
• 130-PE is at: 0.65
• Any shot may use Weekly Channel top (159) as SL.
• Diagonal present in the 5th wave is almost in a parallel channel, with distance between the line about 9.x points. Bottom line of the channel is at: 137 (approx; goes up by every hour). So, initial target of the expected down move will be 128. (approx; goes up by every hour).
• Purple diagonal line also gives target (per Wolf's pattern). It is certainly below 134 and goes down by every hour.
• Exit PE when price goes below 135. At 135, 135-PE will be very active. So, Let us buy 135-PE when the price is at: 149.
• NOTE: Unlike NIFTY, option quantity traded in DLF is small. So, do not put heavy amount in option.

Values to remember for Monday:

DayS1= ; DayR1= ; DayPiv = ; WeekS1 = ; WeekR1 = ; WeekPiv = ; WMA = 138.6

Caution for Shot:

• Though we are labeling XABC (in day Chart) assuming this is correction to the larger fall, quality of the anticipated down move needs to be watched. 
• Need to closely follow wave structure before entering shot after it gives breakout. 

Caution for holding shot:

• Beware of truncation. 
• In our current down move from 240+, 3rd wave contains extension. And 3rd wave was very strong. So, we can expect 5th wave to be equal to 1st wave. 
• 100.1 + 44.05 = 144.15. Already price has made a high of 144.20. This means that it is almost certain that we are going to see 5th wave truncation.
• Wave1 (of day chart) took 6 sessions to move 44.05 points. So, if we see a 5 wave move down from 151 with 44.05 points covering in 6 sessions, We need to be cautious for truncation. 

History on 5th wave truncation:

• In the week chart one can see truncation in the diagonal blue B to C. 3rd wave of C ended (at 120.05) during the week of Aug 5, 2013 and 5th wave ended at 121 (just 0.95 pts above 3rd wave of C) during the week of Sep 2, 2013). And twice it tried to go below 120.05.

Retracement Table:

Hour Chart:

• Moving up from 136.10 with positive divergence seen in Stochastic.[lower low from (2) and (4). But corresponding Stochastic is doing the other way.
• At (5) break-out is expected with target  > 146. As per the channel given in Day Chart, target could be 150. (Monday candle meets upper line of the channel in day chart is approx at 150)

DayChart:

• As 5th wave of C is a diagonal, reversal is going to happen shortly. We are able to mark red 4  in the graph because, now we know the end point of C (approx), 
• This means, corrective 4th wave is going to be over and original down move is going to resume, targeting sub 90 level.
• New channel is drawn to find target of 5th wave which is going to start. (Channel bottom is drawn by connecting green-2 and green-4. Channel top is got by drawing a line parallel to green2-1 line and passing through green-3.

Monthly & Weekly:
No new findings.

DLF (By EOD Nov 20 )

We have diagonal in the 5th wave of C. So, reversal is likely. 

Hour Chart:

• (5) is at 145.xy. Exit the long here. 
• One may initiate shot at 146 due to the following reasons:
• At (5) most often false breakout occurs.
• On Oct 13th, close value was 146.90. 
•  123.6% and 138.2% retracements of (3) to (4) are: 146.11 and 147.29 respectively

Month Chart:

• Sell signal in MACD in the current candle.
• Current candle can intersect with downward resistance line at: 146.xx

Week Chart:

• Price is moving in the up channel.
• Channel support and resistance are: 134.30 and 151 resp.
• 21 SMA is about to cross (bearish) with 50SMA.

Day Chart:

• C wave of XABC is going on.
• 5th wave of above mentioned C is going on.
• Up channel is broken in the down side during intraday today. But close value is with in the channel.

• Stochastic turned down & triggered
• MACD has turned down. (not triggered yet)

DLF (By EOD Nov19)

(DLF1:
WS1 = 135.5 ; WP = 139.5; WR1 = 145.85; WR2 = 149.80; WS2 = 128.90)

Monthly Chart:

• Sell signal in MACD. 
• Intersecting point between Orange falling resistance line and current candle is around 145.80. This gives possible point of entry for shot.
• Observation: It took 6 candles to reach C from B. Now we are in 6th candle from C.

Weekly Chart:

• Price is inside up-red-channel with price above 5EMA
• Falling orange line has given resistance throughout the fall from 2 to 3, and up till now. Current candle intersects with this orange line at 144.xx.

Day Chart:

• 144.10 was the low on Oct 13th. Today price managed to cross briefly (went upto 144.20). On Oct 13th, close value was 146.90. 
• Channel support is at: 137.70 (approx); channel resistance: 152.4 and WMA for today is: 136.6
• For tomorrow, Up-moving orange channel's resistance line is at: 152.5 (approx)
• For tomorrow, Support turned resistance line gives resistance at: 145.50 (approx)
• Stochastic turned down and trigerred. MACD turned down and not trigerred.

Hour Chart (FUTURE):

• Looks like we have ending diagonal in the 5th wave of C. (In that case, it confirms the end of C). In this case we can 
• buy at (4) and exit at (5). Approx value at these two points are: 137.5 and 145.
• shot at (5) and with target equals width of the diagonal, ie, 130 (approx)
• If price still going to follow red-channel, 3rd wave (of 5th wave of C) has started already at 139.85. 
• During pre-market time, decide the entry point.

DLF (by EOD Nov18)

Monthly Chart:

• Sell signal in MACD remains

Weekly Chart:

• Price is moving in an upward channel.
• For this week, Channel-Support = 133.20, Channel-Resistance = 151.40
• 21SMA is about to do bearish cross 50SMA

Day Chart:

• Nearing the bottom of the channel with DOJI.
• For tomorrow, WMA=135.24. Channel-support is at 136.85 (approx) and channel-resistance is at 151.4 (approx).
• 38.2% retracement of red 2 to 3 (ie, 233.8 to 100.1) is 151.17
• Price closed (138.55) above WMA (134.3)

• MACD is turning down (not triggered) 
• Stochastic has turned down. (not triggered)
• RSI is turning down from Mid point (49.38).

30min chart (Plan):

• Buy signal in MACD
• Price is very close to channel bottom. 

DLF (by EOD Nov 17)

Stay long till 144. 
Shot at 146.5. (Possible SL is: 50 Day SMA = Orange down channel.= 141

Monthly Chart:Current candle intersect with down ward moving resistance line at: 146.7 (approx)

• Sell signal in MACD has appeared again today.

Weekly Chart:

• Price broke-down the upward channel 
• Current candle intersect with the down ward moving orange resistance line at: 145 (approx)
• 21 SMA is about to do bearish cross with 50SMA

Day Chart:

• 50 SMA is at: 148.43
• On Oct 13th, Price closed at: 146.90. (Then on 14th we had a Gap down.)
• Stochastic turned down (not yet triggered)
• Price is above 21 SMA, 34 SMA and 5 EMA.And below 50 SMA.
• Price is moving up in a channel. Channel top for tomorrow: 151.05 (Exit shot if this channel is broken in the upper side.)
• 151.17 is the 38.2% retracement of the 3rd wave (233.8 to 100.1)

Hour Chart:

• On Oct 13th, last candle closed at: 147.25
• Price is expected to meet light blue line at 147 today after 12 noon. 
• Price is also expected to meet orange resistance line around 151. (if price cross this line, then exit shots)
• Price closed below 21SMA and 5EMA. But above 34 SMA.and 50 SMA

30min Chart:

• First target blue channel top (147 approx). Second target red-channel top (151 approx)
• Since Oct 30, price is moving up but RSI is almost flat. (-ve divergence)

NIFTY:(Day Chart):

• For tomorrow, channel top is at: 8500 (plus few pts).
• Hitting channel top will attract ABC correction.

DLF (By EOD Nov 14)

Plan:
Monday if price opens around 140~141, buy and exit around 144 or move with SL.

Monthly chart:

• Sell signal in MACD has gone.
• At B price could not touch upper channel. Probably same is happening at E.

• Price is still below all averages.

Weekly Chart:

• Price is moving in the up-red channel.
• For the next week, channel bottom is around 140.70
• Watchout orange resistance line (144) and purple support-turned-resistance line (147)

Day Chart:

• We are nearing end of C (where XABC is the corrective 4th wave)
• 50 SMA is approx at 149
• Possible strategy could be: stay in short when price is below support Orange line and stay in long when price is above resistance Orange line.

1 hour chart: (Trading Plan):

• Buy at L5 (near: 141)
• Short when price touches Orange line. (resistance line) (nearly 149)

30min chart: (Trading Plan):

• Buy when price touches red-channel bottom (around: 140.70)
• Exit when price touches blue top (approx 145) or go up to red-channel top (with trailing SL)
• This 9 wave channel is moving up. But the RSI is slopping down.
• Sell at red-channel top (around 149 ~ 150). After touching red-channel top, there is a possibility that price may come down upto around 120.