DLF Limited (DLF) Stock - Complete Technical Analysis - Nov 18, 2024

DLF Stock Technical Analysis: Key Support, Resistance & Momentum Indicators

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 is showing bearish signals, with the stock trading at 760, significantly down from its 52-week high of 967. The recent decline is supported by a number of technical indicators. The stock remains well below its major moving averages, and the RSI at 37.89 suggests it is oversold, which could point to potential support at lower levels. Additionally, the Stochastic Oscillator and the Stochastic RSI both reflect weak momentum, aligning with a bearish trend.

The ADX of 27.5 indicates a moderate trend, but the momentum is weak. The MACD remains negative, signaling that the bearish trend could persist in the near term. Furthermore, the Awesome Oscillator and CCI indicate continued selling pressure.

Support is expected around 752, with further support seen near 684. Resistance is positioned near the 800 mark, with more substantial resistance around 834. Traders should monitor these levels closely for potential reversals or further breakdowns. The stocks fundamentals show a high P/E ratio and weak profitability metrics, which may limit upward movement unless earnings improve.