DLF - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of DLF Ltd.

📊 Trend Overview

Current Trend: Consolidating with bullish undertone

Price is slightly above both 50 DMA (₹777) and 200 DMA (₹773), indicating a stable uptrend with consolidation.

RSI at 57.0 is neutral-to-bullish, suggesting steady momentum.

MACD at -0.02 is flat, signaling indecision and potential for a breakout or pullback.

📈 Technical Indicators

Moving Averages

Price (₹783) > 50 DMA (₹777) > 200 DMA (₹773): Golden crossover intact

RSI (57.0)

Neutral zone, leaning bullish. No overbought signal.

MACD (-0.02)

Flat crossover. Momentum is neutral, awaiting direction.

Bollinger Bands

Price near middle band, indicating low volatility and consolidation.

Volume Trends

Current volume (20.88L) < 1-week average (25.11L): Declining interest

Suggests consolidation phase, not aggressive buying.

🔍 Short-Term Momentum Signals

Neutral to Bullish Bias

Price above key moving averages supports trend continuation.

RSI is stable, MACD suggests short-term caution.

DII inflows (+0.29%) add to sentiment despite FII outflows.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 770 Near 50 DMA, short-term base

Support 2 740 Previous swing low

Resistance 1 800 Minor psychological barrier

Resistance 2 850 Recent swing high

Resistance 3 929 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹770–₹780 (on dips near 50 DMA)

Exit Zone: ₹850–₹929 (partial profit booking)

Aggressive Target: ₹950+ if breakout above 52-week high sustains

🧭 Summary

Trend: Consolidating with bullish undertone

Momentum: Stable, supported by RSI and moving averages

Outlook: Favorable for swing trades; breakout above ₹800 could trigger next leg up

Valuation: Very high P/E (120) vs industry (40.7), low ROE/ROCE, and extreme PEG (17.8) suggest caution for long-term investors despite strong technical setup

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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