CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO
DLF has resistance around Rs 285, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, “I have been talking on DLF for last couple of months and if you recall last week also we have discussed when I said that now the stock makes a good buy. I have been keeping my resistance level or maybe the upside capped at Rs 285 which I have repeatedly narrated that level maybe in last couple of months or so.”
He further added, “This time also the kind of up move which we have seen can make the stock to move to the level of Rs 275-280. However, Rs 285 is seen to be its resistance again where the profit booking will come in because now this stock is giving a very exciting trading pattern within this range of Rs 240 or maybe Rs 235-285 where maybe the strong hands are playing within that range or within that band.”