Wednesday, December 17, 2014

DLF (by Dec17 EOD)

Observation:

  • If seen in 60min chart with close values, we can easily see a 5wave in the move from 161.25 to 133. We can easily see ending diagonal in the 5th wave of this 3rd wave.



Stochastic (Day): 13.74.

new signals:

  • Weekly Chart & Monthly (MACD): sell.
  • MACD Buy signal upto 30min chart.
  • +ve div in 5min, 10min RSI
  • Broke the support line 136 through ending diagonal.

Key Numbers:
154.15: 2nd wave of 3rd down wave ended here.
149.71: 5EMA
149.45: HEMA
148.7: Upper Band
147.60: probable start of 3rd wave of 5th wave during down move.
145.50: Start of ending diagonal.
145.47: Lower Band
141.49: LEMA
140.15: down-red-channel top
138.84: 50Day SMA
133: Today's low






Tuesday, December 16, 2014

DLF (by Dec 16, EOD)

Observation:
Finally there is a hope for reversal as we see an ending diagonal with 5th wave, which could end potentially at 136.5.

(Next day note: This tiny ending diagonal took whole day of Dec 17th to develop.)

Important numbers:
156.50: Old Floresent Channel Bottom (DayCh)
156.50: DownChannel top (DayCh)
153.95: HEMA (DayCh)
152.75: Upper Band (DayCh)
149.90: 21 SMA (DayCh)
149.84: Lower Band (DayCh)
147.69: 5EMA (DayCh)
147.60: probable start of 3rd wave of 5th wave during down move.
145.73: LEMA (DayCh)
145.50: Start of ending diagonal.
139.31: 50 SMA (DayCh)
136.5: BIG SUPPORT (reversal zone); 5th wave (which ended at 166) started from here (DayCh)
125.27: 61.8% retracement of the upmove 100.1 to 166

Snap shots of  table and 10, 60 min charts are attached...




Monday, December 15, 2014

DLF (By Dec 15, EOD)


Strategy:
Sell when price touches the resistance line of downward blue channel.

I see the following:
5th wave of 3rd down wave (ref: 10min ch) is likely to end at: 142.8.
Small bounce for 4th wave.(upto: 147.xx) (max upto: 149.xx)
Then 5th down wave. (to 136.xx)

(this 5th wave either may end at: 136.xx or may not go beyond 3 for truncated 5. As the length is expected to be same as 1 (8.8 pts), all depends on how much correction 4th wave is going to give.)

174.87: Montly Ch Res
158.28: HEMA
156.12: Weekly Pivot
156.02: Upper Band
153.89: Lower Band
152.10: 5EMA
149.94: 21SMA
149.77: LEMA
147.97: 38.2% retracement of the fall: 154.15 to 144.15
146.20: Weekly S1
141.82: 50SMA
140.83: 38% retracement of the upmove 100.1 to 166
140.30: Monthly Ch Support
140.15: Weekly S2
136.x: BIG SUPPORT
125.27: 61.8% retracement of the upmove 100.1 to 166




Sunday, December 14, 2014

DLF (By Dec 12, EOD)


Numbers: (SPOT)

157.61: SM UpperBand
155.58: SM LowerBand
150.50: Diagoanal support. 
146~145: 

Numbers: (FUTURE):
151.50: Diagoanal support

End point of current down move (from 166):
During the upmove(from 100.1), 2rnd wave of 5th wave (from 136.5) ended at: 146.05.
So, 146.05 will provide a good support and hence a potential reversal point. If this happens, in DayChart, following changes will happen:

  1. Move from 100.1 to 166 will be marked as 1.
  2. move from 166 to 145.05 will be marked as 2
  3. move from 145.05 will be the 3rd wave. 

Duration of 5th wave of the down move (from 166):
As only 3rd wave has extension, 5th wave should be equal to 1st wave.
So, we expect Wave1 = Wave5.
Wave1 covered 8,8 points (=166-157.2) in 5 candles.
One candle is over for Wave5. So, we expect 145.05 in 4 candles. (means between 12noon to 1pm on Monday). 

So, last 1 and half hour  or 2 hours, we can see 1st wave of 3rd wave.

Uploading 60min chart and day chart: