IDFC,SBI and DLF Technical Analysis

By | March 24, 2013

IDFC

#idfcdaily

IDFC has taken support at its medium term trendline and has given a strong pullback in a weak market.As per Gator oscillator, Green Bar is formed which signify    Alligator has woken up and is ready to eat, Stock will continue its pullback once it closes above 145.5

Buy above 144.2 Tgt   145.2,147 and 148.4 SL 143.1

Sell below 141 Tgt 140.1,139 and 137.1 SL 143

 

SBIN

SBI

SBI share is near crucial trendline support of 2076 and Budget day low of 2051. Stock has closed below its 200 DMA on weekly basis which is bearish for stock. SBI is also forming Head and Shoulder pattern neckline at 2051, break below it pattern gets active and target comes around 1800 levels.

Buy above 2097 Tgt 2113,2136 and 2150 SL 2084

Sell below 2075 Tgt 2063,2051 and 2041 SL 2084

 

DLF

#dlfdaily

DLF has been falling like 9 Pins from the high of 281 from 227 in matter of 5 trading sessions. As of now stock is not forming any bottoming out formation. As per Fibonacci channels as drawn in above chart stock can form a potential bottom at 220 odd levels.

Buy above 233.4 Tgt 235,238 and 241 SL 232

Sell below 229 Tgt 227.5,225.5 and 223 SL 231

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  • The call is valid for the next trading session only unless otherwise mentioned.
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