DLF Limited
Performance :
25 May 2021 - Day 7
Indiabulls Housing Finance Limited
NSE Symbol : IBULHSGFIN
This stock recommended on 20/05/2021 at Rs.265.5 with targets of Rs.275 / 278 / 280 / 285 hit a high of Rs.292.85 and closed at Rs.291.2 on 26/05/2021. This stock is a star performer.
Stock Tip :
20 May 2021 - Day 1
DLF Limited (Rs.265.5)
NSE Symbol : DLF
Current Trend : Up to Flat with positive bias
Brief background : Current upmove originated at Rs.245 on 6th May 2021 . From here this stock took only four working days to hit the price level of Rs.267 on 10th May 2021. However, for the last seven trading sessions, this stock has been struggling to clear the resistance level at Rs.267.
Outlook : Once the resistance level at Rs.267 is cleared by a strong close above this point, this stock may look ahead towards the target at Rs.275-Rs.278 and a close above this level may push the stock upwards to next target located at Rs.280-285 level within 5-6 trading sessions.
Supports : Supports exist at Rs.261 and Rs.257. Once the stock closes below the price point of Rs.257, long positions to exit.
Targets : Rs.275 / 278 / 280 / 285 in the next 7 trading days i.e., on or before 31st May 2021.
Exit Point : Rs.257
Note : Exit point is the place where the stock is going to reverse the current upmove. Hence, holding of long positions based on the above stock tip below this point may result in considerable losses.