Long if sustain above 246 for the target of 251/255/258/263 with trail sl, sl 229 **Educational Purpose only
Almost all the sectors have recovered post march downfall but nifty realty yet to recover. This sector started reacting from a very strong buying zone, some of the stockes like Prestige, Sobha, DLF started showing upmove. keep an eye on realty stocks for good returns in coming days. Below are the realty stocks with their weightage- DLF 26.50 Godrej Properties Ltd....
Price may rebound from current levels for target of 304. To learn patterns, visit www . harmonicstraining . com
1) Double bottom with negative divergence on a downtrend 2) sector has been negatively impacted due to rera for last 1 year 3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months 4) Risk - Home interest likely to be volatile due to currency and oil prices
Stock has a minor resistance at 425, above that can do 468 in short term. Regards