Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 6th Jun 2025
🏙️ DLF Ltd – Real Estate Giant Preparing for a Big Breakout
DLF
Technical Analysis (Weekly Chart)
📈 Structure:
DLF is approaching major horizontal resistance at ₹880–900, which acted as a top during early 2024.
The price recently bounced sharply from the 200-week EMA (around ₹611), confirming strong long-term demand.
💥 Volume & Momentum:
This week’s candle is bullish, wide-ranged, and closes near the high, suggesting strong institutional interest.
Momentum resembles a V-shape recovery from the support zone, often seen before large breakouts.
📏 Measured Move Projection:
Based on the box drawn, the potential breakout target = ₹1,450+ (approx. 82% upside from ₹880 breakout level).
This projection is justified by the size of the previous consolidation range.
📉 Support Zone:
₹785–800 zone (previous swing high and recent breakout candle low) will act as key support on any dips.
🧮 Fundamental Insight
🏗️ Macro Tailwinds:
DLF is set to benefit from the strong real estate cycle, driven by:
Urban migration
Commercial leasing rebound
Luxury housing demand spike
📊 Business Strength:
Robust pre-sales numbers, reduced debt, and strong land bank monetization pipeline.
One of the most trusted names in high-margin luxury and commercial projects.
✅ Conclusion: DLF is Coiling for a Big Move
🟢 A clean breakout above ₹900 on weekly/monthly charts could unlock a sustained uptrend toward ₹1,400+ in 12–18 months.