Sanjeev Agarwal, CEO at Dynamix Research & Capital Management told CNBC-TV18, "DB Realty has been a very negative chart pattern. If you see like after this 2G scam it had come down and it had tried and pulled back towards Rs 200. However, those gains were temporary and the market has crashed again. Even in the recent tries the rise has been very muted despite Nifty has gone towards 2013 new high crossing even January high, this stock has hardly been able to move.”
He further added, “In DB Realty Rs 82 has been a very strong resistance and if you see above that Rs 90 has been a very strong resistance. So, exiting at a current market price of below Rs 82 might be a good option.”
“In a best case scenario one might get Rs 90 but this stock is going to be in a bearish grip unless it is able to cross above Rs 100 and have a follow up above that. So, I don’t see much reason to hold on to this stock.”
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