DLF
Current price: Rs 277
Target price: Rs 265
The stock has hit resistance at Rs 280 and reacted on high volumes. It has a lot of support between Rs 260 and Rs 265 and it's likely to test at least the upper end of that zone. Keep a stop at Rs 282 and go short. Increase the position below Rs 270 and reset the stop-loss to Rs 273. Clear the position below Rs 265.
Suzlon
Current price: Rs 56.5
Target price: Rs 53
A downside breakout with high volumes sets up a target of about Rs 53 on the downside with resistance at Rs 58-59. A short is possible with a stop-loss at Rs 58 and a target of Rs 53. Be prepared to reverse the position quickly because the stock is often high-volume and extremely volatile.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app