DLF Jackpot SellJackpot Short : DLF
Cmp 346.05
Super Bearish On Daily + Weekly Charts.
Sell On Rise - 353/357/361
SL - 373.5 ( Weekly + Daily Closing Basis )
Target - 300/280/255
DLF trade ideas
Looks good for Long term -- a potentially multi-bagger stock Fundamentals:
DLF , India's largest commercial real estate developer, recently concluded a record-breaking luxury home sale of Rs 7,000 crore ($1 billion) in Gurugram.
DLF plans to be debt free by end of FY23
The company stated that it had "left a lot of money on the table" due to the high demand for the luxury properties.
DLF saw high demand for luxury homes in the National Capital Region ( NCR ) and other parts of the country, with many buyers being non-resident Indians (NRIs).
The company is now planning to expand its luxury home portfolio across the country, as it sees a strong demand for such properties from wealthy buyers.
The COVID-19 pandemic has fueled the demand for luxury homes in India, as people seek larger living spaces and better amenities amid work-from-home and social distancing measures.
Technical:
Long term Strong support at : 295
Short term Support at : 345
Long term Target : 500/700+
Short term Target : 400+
Will DLF GIVE 450..FLAG N POLE PATTERN..!!!As a Sectoral lookout for this start of this March Month, REALTY Sector which is seem to be prefer by the Buying side, evidence to this is LONG BUILT UP happening some realty sectors stocks e.g. DLF ...Which is a good stock in this sector..After a Bottom Around 120 It is showing Courage to go up by making some Bullish Price action, Bullish Chart Patterns...the thing which a trader look for...Now it is forming Triangle structure like a pole n flag which is a continuation pattern of Trend Intact...so, it is intresting to see whether DLF Could move ...? I made my analysis as per my knowldge and will look positively for the stock ...will try to have a desired Entry a Trader Could wish For....
Thats ALL GUYS...HAPPY TRADING...
DLF to be taken in watch listKeep DLF stock on your watch list. If the share is able to cross the TL in the coming days we can see the 400-plus target in the coming days. One minor pullback or sideways for a short period can be seen before a clean BO of the area. So accordingly entry is to be taken as per risk to reward ratio. This is for your educational purpose only.
DLF - Cup and Handle pattern
DLF is making a kind of Cup hand Handle pattern on monthly and weekly chart.
Cup (body) has already formed and handle is in progress.
The stock has a strong demand at 350.
One can enter the stock at CMP and add more at 350 and stop loss at 340.
It may give a massive run after 500 ( 14 years breakout )
Only for educational purpose. Make your own analysis before investing.
Weekend pick: DLFChart -> DLF Weekly
An inverse head and shoulder breakout in DLF.
CMP: 410
Targets: 450 and 505
Good range: Around 385
SL: 355 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
DLF : +35% to +147% Upside Potential01 Dec 2022 DLF
Stock BO today from the previous 10 months rejection levels in 400-415 zone, which is supported by volume.
In Play : HH-HL
Summary
- Stock BO from 10 months 400-415 zone
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
- 519 is 13 Year SH ‘’STRONG RESISTANCE’’
Conclusion
- CMP 412.70
- Long Positions can be initiated
- 483-519 level can act as strong resistance
- Higher targets could be around
• Short Term – 483/519
• Long Term – 539/623/987
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
