DLF: Price Breakout Holds Above Prior Range

DLF has delivered a clean upside breakout from its long consolidation range around ₹640–680. The stock first built a higher base through October and then accelerated above ₹690, followed by a strong rally towards ₹770. The current price near ₹759 remains close to the recent high despite a minor pullback, showing that buyers are still controlling the larger move. The breakout zone near ₹690–700 is now the key positional support. Above this level, the chart structure remains positive with higher highs and higher lows. The 20-day average near ₹753 is providing immediate support, while the 50-day average near ₹726 marks the stronger support for the broader breakout setup. The immediate hurdle is ₹770, the recent swing high. A decisive move above this level can extend the rally towards ₹800. If price consolidates above ₹725–750 instead of slipping back into the old range, it would strengthen the breakout base and keep the upward price structure intact. DLF