1. On weekly close basis , taking support @ 20W SMA
2. 5WEMA shows INTENT to BULLISH x-over the 10WEMA
3. Price close is just below 5W-HiEMA, next no BUY TRIGGER YET
4. Price @ Middle of Weekly BBs
4. Weekly price has hit the Weekly PSAR RESISTANCES (implying UPTREND)
Now, pls see what happened to DLF in July 11. I expect the same in Feb'12.
DLF is on the last leg of UPSWING & ALL RISES next week should be use to ENTER SHORTS via FEB PEs
WARNING: Trigger for shorts should be on DAILY CHARTS SMO SAR basis.
Dear Shri ji,
ReplyDeleteNice chart.
I have one Q. When I click submit to follow the blog, a new window opens.... FeedBurner email subscription for verification message. Is this a way to follow this blog or anything wrong.
Thank you.
Regards.
Jeevan.
Dear Shri ji,
ReplyDeleteMy observations on weekly chart of DLF. It may help to finetune readings.
I have seen positive divergence in WEEKLY CHART.....with following indicators...MACD, RSI, SLOW STOCHASTIC...it means there is long term bullishness is seen...there is short term correction at fibbo levels (from 172 to 224)........212.3(23.6),204.70(38.2), 198.6(50). where it corrected at 210.8 ie below 23.6 level in last week ..
Let us see how it behave......
Good luck..
Jeevan.
G1 ji,
ReplyDeleteTks for ur post on MIs .... my feeling after seeing MIs for so many months is, they r like "Dhoomketu" ... change direction @ any time !
Its like asking direction for Agra & getting advice to go to Chennai :-D
Just for laughs, :-)
Btw, serious answer is in my analysis I give least priority to MIs. MIs are the hinges of the DOOR... the DOOR is made of Candles, MAs, & TLs , wid Door-knob of Fibbo :-)
urs
SMO