Dlf daily Dlf weekly Dlf monthly I am not much into realty sector though but this Stock has caught my eyes. Simply its a long consolidation phase going on. Daily chart shows a little confusing pattern with head and shoulder in the offing but Rsi on top range moving towards over bought zone. However monthly and weekly chart shows quite good investment options with RSI Banks will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), Detailed guidelines will be issued by may end. upside can be ranged around 210-270 with support at 137-115 for long term scenario. Market is subject to risk Only time will tell
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Lets get on the back seat for a while , shall we!! Nifty given correction today due to US-Syria conflicts and weekly profit booking. Technically nifty can initiate a sell off till 9050 - 8990 level due to RSI divergence as shown in the image. As this divergence is in daily chart , I am not expecting a sharp decline but correction to touch a base level of 9050-8950 and wait for the broader picture to emerge. Only above 9275 market will continue its bull run further. Only time will tell Market to subject to risk