Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Heres a fresh look at DLF Limited, DLF, trading at 698 as of March 19, 2025, and what the charts are building. The past five days have shown a nice uptick, rising from 668 to todays close, with a sharp 22-point jump from March 18s close to todays open, hinting at a short-term bullish breakout after a quiet patch. Supports nailed down at 652, the low from March 17, where buyers stepped up to launch this rally, offering a sturdy base if the stock retreats. Resistance looms at 744, a level thatll test this moves strength, while the 52-week high of 967 from April 2024 sits 27 percent highera lofty target if the bulls keep pushing. The RSIs chilling in neutral territory, leaving space for more upside without overbought red flags. The MACDs got a bearish tilt, though, suggesting momentums lagging behind the price actionkeep an eye on that. The ADX is decent, backing a moderate trend thats picking up steam. Volatilitys calm, with ATR steady around 17 to 20, keeping swings in check. The Stochastic %K, Stochastic RSI, and Williams Percent Range are all flashing overbought, hinting at a possible pause if the rally overheats. Delivery datas strong, with percentages above 28 percent and hitting 50 percent today, proving this moves got substance. Traders, heres the blueprint: buy dips near 660 with a stop below 652, aiming for 744watch that MACD for any sneaky reversals.