Stock of the day : Buy DLF Ltd For Target Rs. 550 - Religare Broking Ltd
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DLF Ltd
* DLF has been gradually inching higher after breakout from the multi month consolidation phase.
* Formed the base while holding above the support zone of it’s short term moving average.
* The chart pattern combined with strong volumes suggests a bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy DLF Ltd CMP 510.80; Range 509-512; SL 492; Target 550
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