R1: ₹848.43 R2: ₹862.02 R3: ₹877.18 These levels suggest that if the stock price falls below the immediate support at ₹833.27, it may find the next support at ₹819.68. Conversely, if the price rises above the immediate resistance at ₹848.43, it could encounter the next resistance at ₹862.02.
Additionally, the stock is currently trading between support at ₹820 and resistance at ₹900. A definitive break through one of these levels could indicate a new direction.
support and resistance levels for DLF Limited (DLF), here’s a structured approach:
Support Levels Recent Lows: Identify significant low points over the last few weeks or months. For example, if DLF recently dropped to around ₹350, that could serve as a support level. Moving Averages: Check the 50-day and 200-day moving averages, which can act as dynamic support levels. Previous Support Areas: Historical price levels where the stock has previously bounced can also indicate potential support. Resistance Levels Recent Highs: Determine the highest points in recent trading sessions. If DLF peaked at around ₹400, that might serve as a resistance level. Trend Lines: Drawing trend lines across recent highs can help visualize potential resistance areas. Psychological Levels: Round numbers like ₹375 or ₹425 often act as resistance.