Wolvesofindia
Long

DHFL Looking like a bottomed out NBFC and time to accumulate...

NSE:DHFL   DEWAN HOUSING FIN
Hi friends,
We all witnessing the nifty rally towards 12k and most of the houses predicting 13500+ in 2 years, i feel its the best time to look into some positional stocks. So i wanted to post my positional view every week on one stock.
DHFL, which is an NBFC beaten like hell during the nbfc crisis, if we observed the history, bharatfin, indiabulhousing and dhfl all were victims of the nbfc fall but slowly recovered after the market priced in all the worst, bharatfin was the first to bounce back , then ibulhousing, i strongly feel now the time has come for DHFL. The first two already visited their 200 dma, dhfl is now gearing up to hit its 200 dma approximately 330, atleast medium term targeting 240.
apart from the bullish charts and indicators, option and futures oi data is suggesting 200 is not so far, the view remains void if dhfl trades below 155..

Thank you,
Pavan kumar




Comments

just my view, please add your own analysis and technicals if you are going for short term trade or futures trading...
Reply
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