DLF tests ₹634 support as momentum turns weaker

closed at ₹649 after rebounding from an intraday low of ₹634. The latest green candle shows buying interest at support, but it follows a series of lower highs from the ₹690 region and does not yet confirm a trend reversal. Price remains below the 20-day average at ₹657 and the 55-day average near ₹663. This moving-average band has turned into immediate resistance. MACD is below its signal line and the histogram remains negative, showing that short-term momentum is still with sellers. ₹634 is the immediate support to monitor. A break below it can bring the ₹620 zone into focus. On the upside, the stock must reclaim ₹657–₹663 to improve the near-term structure. Residential demand, launch execution, sales collections and interest-rate expectations remain key drivers for the real-estate sector.