DLF trade ideas
AVOID FRESH BUY IN DLFDLF now at multi year resistance zone after long rally from 360 levls, cmp 500. This rally is accompanied by low volumes while MACD and RSI also showing bearish divergence. It clearly shows profit booking coming at higher levels. Avoid going long as risk reward is absolutely not in favour
DLFDLF:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
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Rounding Bottom pattern breakout in DLF LTDDLF LTD
Key highlights: 💡⚡
✅On 1 M Time Frame Stock Showing Breakout of Rounding Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 815+.
✅Can Go short in this stock by placing a stop loss below 340-.
It is already flyingThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
445 coming.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE Nifty India - Will it outperform Bank Nifty?3 Reasons why the Nifty may perform better than BankNifty in the next few months
Banks are relatively overbought - Esp ICICI, SBIN, Kotak, HDFC
FMCG, Auto could help the Nifty outperform Vs Bank Nifty
Bank Nifty has hit its life high and reversed - the Nifty still hasnt
DLF shortDLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
DLF LtdDLF Ltd
ABOUT
DLF Ltd with its subsidiaries, associates and JVs is engaged in real estate development, from the identification and acquisition of land to planning, execution, construction and marketing of projects. It is also engaged in business of leasing, generation of power, provision of maintenance services, hospitality and recreational services which are related to the overall development of real estate business.
KEY POINTS
Business Presence
The company is engaged in the business of real estate development, leasing, power generation, maintenance services, hospitality and recreational activities. It has a presence in 22 cities located in 14 States and Union Territories across India.
Dow Jones Sustainability Index
DLF Limited was the only Indian real estate Co. to be included in the Dow Jones Sustainability Index in the Emerging Markets category for its sustainability initiatives and ESG practices.
Projects Portfolio
As per Feb 22, the company is engaged in development of an area of ~35 million sq. ft. which consists of commercial and residential projects with a total sales potential of ~47,000 crores. Out of this pipeline, DLF has introduced ‘Independent Floors’ in Gurugram which has significantly contributed to the company’s performance.
New Launches
During FY22, the Co. launched its luxury development, ‘ONE Midtown’ and realized ~Rs. 1,952 crore of sales bookings from this project.
TECHNICAL ANALYSIS.
Time Frame - 1W.
1. Stock create a rounding bottom pattern on the weekly charts.
2. Stock gives weekly close above the level of 2009.
FUNDAMENTAL ANALYSIS.
Sector: Realty
Industry: Construction
1. Market Cap - ₹ 1,21,030 Cr.
2. Stock P/E - 52.4
3. Price to book value - 4.20
4. Debt to equity - 0.11
5. Free Cash Flow - ₹ 1,548 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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