You are here: Home » Markets » News
Business Standard
Web Exclusive

DLF, Oberoi Realty: Rally in real estate stocks has more legs, charts show

The Nifty Realty index can rally towards 525-level.

Oberoi Realty | Sobha Ltd | DLF

Avdhut Bagkar  |  Mumbai 

construction, realty sector, flats, NCLT, IBC, Housing
Realty stocks

Likely target: 525
Upside potential: 6.50%

The overall weekly and daily structure indicates a negative trend considering the “Head and Shoulder” formation, however, as long as the index defends the recent reversal with a low of 442, the momentum may shift towards a positive side. The following supports at 480 and 460 levels need to be closely watched. The upward bias may see a rally in the direction of 525 levels. CLICK HERE FOR THE CHART

Ltd (DLF)
Likely target: Rs 445
Upside potential: 8.50%

The shares of Ltd must stay above the resilient mark of Rs 400 to embark a new bullish trend, according to the daily chart. A consecutive close above the resistance mark may see an upside towards Rs 445, which is the next resistance level. The Moving Average Convergence Divergence (MACD) is making efforts to cross the zero line and if it succeeds, the upward momentum may see an exaggerated up move. CLICK HERE FOR THE CHART

Likely target: Rs 900 and Rs 950
Upside potential: 4% to 9.50%

As long as the shares of uphold the support of 100-day moving average (DMA), currently placed at Rs 804 levels, the positive bias is here to see an aggravated sentiment. The immediate resistance is positioned at the Rs 900 levels and once that gets conquered, the stock is likely to hit Rs 950 levels. CLICK HERE FOR THE CHART

Indiabulls Real Estate (IBREALEST)
Likely target: Rs 180
Upside potential: 8%

After witnessing a sideways consolidation near the support of 100-DMA, the stock managed to cross the resistance range of Rs 163 to Rs 160 levels. This breakout suggests a positive upside towards the Rs 180 levels, its next hurdle mark. The 100-DMA support stands at Rs 158.50 levels. CLICK HERE FOR THE CHART

Likely target: Rs 1050
Upside potential: 12%

The shares of Oberoi reality broke out of the Inverse Head and Shoulder at Rs 900 levels, which is coincides with the resistance at 50-DMA. This robust breakout is hinting for a rally in the direction of Rs 1,050 levels from a short to medium term perspective. The MACD crossed the zero line exhibiting its support for the bullish bias, the momentum seems to favour the bulls, according to the daily chart. CLICK HERE FOR THE CHART



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 10 2022. 11:50 IST