Stay Invested in DLF to Reap More Money
Rahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.
Mohindar narrated, “GMR Infra certainly has broken out of Rs 850 but what I would caution is unless this stock really closes once or twice over Rs 850, we really can’t call this a breakout. So we need to see this stock really holding up on a closing basis.”
He further added that the stock too is optimistic at these levels, and the investors don’t see much downside there. There is very big support at about Rs 560, obviously this is a temporary call and the stock can lift up about Rs 620-630 level. And that’s where the investors expect some selling pressure.