DLF share price analysis 2014

DLF share price daily chart analysis

DLF share on last trading session closed at 174.9 with loss. On daily chart, stock price trend and momentum both are bullish. After bullish breakout at 150 stock prices, rallied and hit high near 187 and now after correction once again stock is heading towards it.

For short-term view, 155 is major average support level and above it keep buy on dips view. On upside 185 and 194 are short-term targets. Below 155 trends become bearish and on downside, 146 and 138 are strong support zones. Indicators are mixed but in bullish zone.

DLF share price weekly chart analysis

DLF share this week closing with gains. On weekly chart, stock price trend and momentum both are bullish. On weekly chart breakout, point was at 145 after that stock hit high near 186, now correcting, and consolidating. From medium term view, DLF has targets at 180, which is already achieved, and above it 210 will be next target which can be expect in next 3 months. Above 149 medium term view, remain bullish for stock. Below 149 next major support zones are 125 and 88 rupees. Weekly chart indicators patterns are strong bullish and suggesting rally will continue for upcoming weeks.

DLF share price monthly chart analysis

DLF share in last 6 month had given 37% returns to investors while major indices rallied 15-16%. So DLF is outperforming in medium terms with strong buying momentum. For year 2014, 140-155 is major area above it outlook remain bullish with targets 185 and then 210. Any monthly closing above 210 means super Bull Run for stock with price target 235 to 260. DLF has recovered from historic lows, which was last seen in 2008. Fundamentally, stock is not good and expensive but as it is market leader, with high risk one can invest in it for given targets. 80-110 is best buy zone for stock and on any major deep correction watch this zone for fresh long-term entry.

DLF company description

DLF Limited is engaged in the business of colonization and real estate development. Its primary business is development of residential, commercial and retail properties. The operations of the Company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. The Company is also engaged in the business of generation of power, provision of maintenance services, hospitality and recreational activities and life insurance. The Homes business caters to three segments of the residential market: Super Luxury, Luxury and Premium. In December 2013, the Company announced that it has completed the sale of its 74% stake in the insurance joint venture with Prudential Financial, Inc. to Dewan Housing Finance Corporation Limited (DHFL) and its group entities. In February 2014, the Company’s subsidiary, DLF Global Hospitality Ltd completed the sale of 100% equity interest in Silverlink Resorts Ltd.

DLF share price fundamental ratios

Range174.15 – 177.60
52 week120.05 – 258.35
Open176.90
Vol.8.20M
Mkt cap313.18B
P/E73.46
Div/yield2.00/1.14
EPS2.39
Shares1.78B
Beta
Inst. own

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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