Technical Analysis DLF

The stock

has shown a clear recovery from the ₹510–520 zone after a prolonged downtrend. The stock formed a base and then moved above ₹600 with improving momentum. Currently, it is trading around ₹666 and consolidating near the recent high zone. The structure has turned positive, with higher highs and higher lows but the stock is facing resistance around ₹680–700. Support & Resistance immediate support is around ₹650–640 followed by stronger support near ₹625–620. On the upside ₹680–700 is the key resistance zone. A sustained daily close above ₹700 with strong volume can push the stock towards ₹730–750. If ₹625 breaks decisively the recovery structure could weaken. Short-Term Outlook: The setup is bullish to positive as long as the stock holds ₹640–625. Fresh buyers can look for a breakout above ₹700 or accumulate on dips near strong support. Existing holders can continue to hold with a trailing stop-loss below ₹625. A breakout above ₹700 with volume would strengthen the bullish momentum.