Click the chart to enlarge
Click the chart to enlarge

In the monthly and weekly chart of DLF LIMITED

important trading levels are 

122.00, 248.00, 418.00, 590.00, 770.00

All levels can be used for buy above and sell below on sustainable basis targeting the next level in long term. Trades can be initiated by putting the stoploss of 2.3% of the price on sustainable basis.

Presently it is trading in the range of 

248.00 - 122.00

I always suggest traders to trade in multiple lots and keep booking profits from few lots when ever they give adequate profits and exit the full position only, when the price comes near target level or the actual trading level where the trades were initiated .

It is trading perfectly in downward trading channel 
( monthly chart )

At all above mentioned levels prices have not sustained for longer duration or say generally not closed on those levels (closed above or below that levels), so technically all of these levels are very important and traders can initiate the trade.  Only few days are left in completion of monthly candle. On monthly chart , it has taken resistance near 50 EMA. As per weekly chart 248.00 is very important level as prices have not sustained for longer duration. Its last  low is approx 90% from high, which is a very big fall.

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