Price and trend forecast of DLF for Tomorrow, Weekly, Monthly
DLF Limited
Symbol: NSE:DLF
ISIN: INE271C01023
814.25
As on 2024-09-06
DLF's Today's Performance
DLF Limited started the day by opening at 840.00 today 2024-09-06. Its shares reached a high of 841.00 and dipped to a low of 809.55 in intraday. When the markets closed, DLF’s stock price settled at ₹814.25 per share. Also check out its key support and resistance levels.
DLF Buy/Sell Targets
Tomorrow, sell DLF when its price reaches ₹ 814.25 with a stop-loss order at ₹ 824.57. You can set the target price as ₹ 803.93 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of DLF for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for DLF
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 834 |
| Tomorrow Down Target 2 | 853 |
| Tomorrow Down Target 3 | 865 |
Important Levels for DLF
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 802 |
| Tomorrow Up Target 2 | 790 |
| Tomorrow Up Target 3 | 771 |
Based on where the stock opens tomorrow, if DLF opens on a positive note, our first target will be ₹834. If Target 1 is achieved, we will aim for Target 2 which is ₹853.
But if DLF falls below the average value of ₹821.60, you can enter a sell side position with target number 1 - ₹802 and second target - ₹790 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of DLF
Looking at DLF, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, DLF has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DLF is moderate bearish.
Tomorrow's Volume based share price Forecast for DLF
DLF's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -24%.
Reversal detection for DLF
DLF may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹845 in morning tomorrow
| Target 1 tomorrow | 834 |
| Target 2 tomorrow | 841 |
| Target 3 tomorrow | 853 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with DLF's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if DLF opens on a positive note, our first target will be ₹833.65. If Target 1 is achieved, we will aim for Target 2 which is ₹853.05.
But if DLF falls below the average value of ₹821.60, you can enter a sell side position with target number 1 - ₹802.20 and second target - ₹790.15
DLF's Weekly Targets
| 1st Up Target | 845.82 |
| 2nd Up Target | 877.38 |
| 1st Down Target | 796.12 |
| 2nd Down Target | 777.98 |
As the week for DLF ended on bearish sentiments, we can expect further continuation of this sentiment. DLF's initial target will be 845.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 796.12 in the upcoming week.
Weekly OHLC Values
| Open | 850.00 |
| High | 859.25 |
| Low | 809.55 |
| Close | 814.25 |
Week for DLF started with an open price of 850.00, and the close was at 814.25. DLF reached the highest of 859.25 and dipped lowest up to 809.55 last week. This indicates a bearish sentiment for the week.
DLF full month swing targets
| Monthly Up Target 1 | 895.52 |
| Monthly Up Target 2 | 927.08 |
| Monthly Down Target 1 | 746.42 |
| Monthly Down Target 2 | 678.58 |
Targets of ₹895.52 can be expected to be reached in the coming month. Once DLF achieved this target, we can aim for the next upside target of ₹927.08.
DLF if fails to hold upside, down targets of ₹746.42 and ₹678.58 can be achieved by end of this month.
For complete three weeks if DLF is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as DLF
| Symbol | Name | Industry |
|---|---|---|
| DLF | DLF Limited | Real Estate - Development |
| LODHA | Macrotech Developers Limited | Real Estate - Development |
| GODREJPROP | Godrej Properties Limited | Real Estate - Development |
| OBEROIRLTY | Oberoi Realty Limited | Real Estate - Development |
| PHOENIXLTD | The Phoenix Mills Limited | Real Estate - Diversified |
Summary
DLF is expected to reach the target of 833.65 in tomorrow's trading session.
After achieving the initial target in DLF, we will aim for higher targets of 853.05 tomorrow.
However, if DLF starts to trade below ₹821.60, then we will shift our focus to the sell side and aim for down targets of 802.20 and 790.15.