Chart Reading: Nifty Realty climbs 2%; top stocks to watch out for

NIFTY REALTY INDEX: The index was trading 2.46 per cent higher at 241.60 levels in the intra-day trade on Monday. HDIL gained 10 per cent while Indiabulls Real Estate climbed 5.60 per cent. DLF and Godrej Properties soared around over 4.50 per cent each.

HDIL: The stock has formed 'Bullish channel pattern,' a continuation pattern that slopes up or down and trades within upper and lower trendline. The upper trendline is the resistance area whereas the lower trendline is the support area. The upward slope is considered as 'Bullish channel' and downward slope as 'Bearish channel'. At the current level of