DLF
DLF: At crucial resistanceDLF
CMP 164.50
Last time when stock was at 181 we suggested to sell above 182 for target of 139
After recommendation, the stock made a high of 182.90 and low of 136.70
Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again towards 144 and possibly even a new low towards 120
Take care & safe trading...!!!
DLF: On shaky grounds...DLF
CMP 181.20
- we observe triangle pattern in DLF chart
- trading below 50 day EMA and 200 day EMA
- crossover of 50 day EMA below 200 day EMA not yet happened
- Levels have been mentioned in the chart itself...
The target for the triangle breakdown pattern comes to around 139 in 2-3 months
Take care & safe trading...!!!
DLF - Bottoming Out - Good Investment in Real Estate SectorTechnicals:
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.
Fundamentals:
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.