Dear Trader,
DLF appears to be undergoing a bullish correction in the form of an ABC structure. The price action from 30/09/2025 to 29/10/2025 shows a clear 5-wave impulsive move, followed by a 3-wave corrective decline, which aligns well with the characteristics of a Zigzag (5-3-5) pattern.
Key observations:
- Wave A completed with a strong 5-wave advance.
- Wave B is currently retracing and must hold above 738, which is the 61.8% Fibonacci retracement of Wave A, to maintain the Zigzag structure.
- A break below 738 would invalidate the Zigzag scenario and suggest a more complex correction.
- Stop-loss (SL) is placed at 709, the origin of Wave A.
- If the Zigzag holds, we anticipate Wave C to target:
- 801 – the 78.6% extension of Wave A
- 817 – the 100% extension of Wave A
Trade Plan:
- Buy DLF above 738 with SL at 709.
- Target 1: 801
- Target 2: 817
This setup offers a favorable risk-reward ratio, provided Wave B respects the 61.8% threshold. Monitor price action closely for confirmation.
Best regards,
DLF appears to be undergoing a bullish correction in the form of an ABC structure. The price action from 30/09/2025 to 29/10/2025 shows a clear 5-wave impulsive move, followed by a 3-wave corrective decline, which aligns well with the characteristics of a Zigzag (5-3-5) pattern.
Key observations:
- Wave A completed with a strong 5-wave advance.
- Wave B is currently retracing and must hold above 738, which is the 61.8% Fibonacci retracement of Wave A, to maintain the Zigzag structure.
- A break below 738 would invalidate the Zigzag scenario and suggest a more complex correction.
- Stop-loss (SL) is placed at 709, the origin of Wave A.
- If the Zigzag holds, we anticipate Wave C to target:
- 801 – the 78.6% extension of Wave A
- 817 – the 100% extension of Wave A
Trade Plan:
- Buy DLF above 738 with SL at 709.
- Target 1: 801
- Target 2: 817
This setup offers a favorable risk-reward ratio, provided Wave B respects the 61.8% threshold. Monitor price action closely for confirmation.
Best regards,
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.