DLF - Bottoming Out - Good Investment in Real Estate Sector

Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.

The company has reduced the debt with a large number of approx. 10000 cr . found in the last year balance sheet . It is still in a process to reduce further debt, which shall improve the bottom line of the company. Real Estate sector expected to improve after 5 years of sluggish run, which may uptick the revenue of the company. The company is trading near to book value which is another plus point in long term investment. It is assumed that the price shall trade at least 2-2.5x to its books value, which may bring the prices to around 300-350 levels in coming time.
Trade active: Today, started sharply, looking strong.
Comment: Reached upto technical target of 200. Now it may further move up to 225-250 once it closes above 200 levels.


ur last post when u left TV was real estate one(hdil) and u came back with real estate post(dlf) ... btw welcome back bro
+2 Reply
NeeteshJain kacharts
@kacharts, Yes, well noted :)

My family business is also Real Estate, hope it may further sound epic :)

Thanks mate, hope your doing well. Regards
+1 Reply
Welcome back Neetesh, after a long time :-)
+2 Reply
@MCM99, Thanks mate, Yes I took a long break but it was worth it. Now, glad to be back to share and grow with passionate liked minded friends. Hope you're doing well too. Regards
+1 Reply
Welcome back Bro, missed you :)
+2 Reply
NeeteshJain akshay.lakhina
@akshay.lakhina, Hi Akshay, Hope you're doing well. Regards
Welcome back. I am a huge fan of yours and hope you will write more :)
+2 Reply
@vanathi, Hi Vanathi, I need to tell you that you have great dedication towards your craft, which will surely take your work to another level with time. Wish you the best. Regards
Sensible analysis with the touch of Technicals + Fundamentals
+1 Reply
NeeteshJain sravanreddy.226
@sravanreddy.226, I appreciate it, Thanks
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out