will DLF bounce back again from this trendline ? [ Last day if u want to be a SOKHI LIFE TIME MEMBER ]
Published: Tue, 05/06/14
**NOTE IMP : TODAY is the LAST DAY if you wish to GET SOKHI LIFE TIME MEMBERSHIP @ Rs 27,500, already 3 investors have GRABBED this offer today - LIFE TIME RELAX TRADES with SOKHI TEAM :-) HOW and WHY JOIN - OUR TEAM of TRADERS - Click here - http://sokhisharetips.blogspot.in/2014/03/why-and-how-to-join-sokhi-paid-services.html
Good Afternoon , hope your trades are going good, we wanted to share with you an important update regarding DLF LTD - Near IMPORTANT SUPPORT LEVELS. You can see the CHART below, its at very crucial support levels in both daily and weekly charts, below are some IMPORTANT TECHNICAL OBSERVATION
1. the RSI is at 30 levels
- which signals a buy for short term
2.the Stochastic is below 20 levels which again signals that the stock can bounce back sharply.
3.this support levels justified in both daily and weekly charts [ 5 times before it has bounced from this Support Trendline as you can see below ]
4. Trades which can be done - CASH BUY at 137-142 levels SL 135 on closing basis for TGT 160-170 in short/medium term.
Options Trades : CAN BUY 155/160 CALL at 5/4 levels at with same SL or ALSO Options write can SELL 125/130 CALL 4/5 levels.
5.All Indicators are in BUY MODE but we would wait for an Confirmation or BULLISH BUY SIGNAL in DAILY CHARTS (Bullish Engulfing, Bullish Harami, Hammer etc)
6.Due to election round the corner the counter may show huge volatility hence act as per ur risk and strict sl.