Home > Market View > Trading Strategy – DLF

Trading Strategy – DLF

Saturday, August 22, 2009 Leave a comment Go to comments

DLF seems to be very popular stock among investors and traders. Here is a trading strategy for the stock in the short and medium term.

In the short term, the stock is in a very tight range of  360-400. Currently trading at 380+, it is again getting closer to 400. It faces a lot of selling pressure at 400. So those who bought at 360-370 might do well to sell around 400.

If the stock crosses 400, the run to 420-430 can be quick. And above this barrier, the pick up in momentum can be real good and one can even look at 500 on the stock in couple of weeks time. This might also see long term players get into the stock. A lot of this will also depend on markets breaking out of 4700 and moving upwards.

The stock is currently suitable for traders who want to trade the 360-400 range.

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  1. Ash
    Saturday, August 22, 2009 at 4:53 pm

    I don’t see DLF raising more than 400. In coming week FII gona pull out again !
    FII have learnt how to earn from Indian market !

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