DLF Limited (DLF) Stock - Complete Technical Analysis - Sep 16, 2024

DLF Limited Technical Analysis: Support, Resistance & Key Market Indicators Trading Insights

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. DLF Limited (DLF) is trading at 862.10, approximately 10.90% below its 52-week high of 967.6. This indicates a significant resistance level around the 52-week high. The stock is also 68.20% above its 52-week low of 512.55, reflecting a strong upward trend over the past year.

The technical indicators present a mixed picture. The RSI is near the midpoint, suggesting a balanced market condition. The Stochastic Oscillator and Stochastic RSI are quite high, indicating potential overbought conditions and a need to watch for any reversal signals. The MACD is positive but close to neutral, which implies a lack of strong momentum in either direction.

The ADX value suggests that the current trend is weak, which could mean that the stock might experience some volatility. The Awesome Oscillator is slightly negative, hinting at a potential short-term pullback.

Support levels to monitor are around the recent lows, while resistance remains significant near the 52-week high. Keeping an eye on these levels will be crucial for making informed trading decisions.