DREAMFOLKS

Continues to Slide – Bearish Structure Deepens

Services Ltd, India’s largest airport service aggregator platform, witnessed a sharp decline of over 6% in Friday's morning trade, extending its previous session’s 10% fall. The stock has been under persistent selling pressure, confirming a sustained downtrend. From 7 April 2024 to 23 May 2025, Dreamfolks rallied nearly 45%, but that move appears to be a classic Dead Cat Bounce, as prices have now corrected more than 27% from recent highs. The level of ₹209, which is its all-time low, may act as a short-term support. However, the broader technical setup remains weak, and no meaningful upside is visible in the near term. A recent bounce has taken the shape of a bearish flag on the daily chart—though not a textbook example, as prices temporarily moved above the upper edge. A breakdown below ₹209 with consecutive closes could trigger further downside. Traders and investors should remain cautious. At this juncture, unless the stock reclaims and sustains above ₹310, it is advisable to avoid fresh positions. A breach below ₹209 could be alarming, given the stock has already corrected over 75% from its All Time High. ⚠️ With ~75% erosion from peak levels, further downside can't be ruled out. 🔻 Strictly avoid unless a clear reversal emerges. 📌 SEBI Registered Research Analyst (INH000016649) Disclaimer: This is not an investment advice. View are based on technical analysis and market observations. Please consult your financial advisor before making any investment decisions.