Initiate long positions in DLF for target of Rs 312-322: Reliance Money

MUMBAI: Reliance Money has advised traders to buy DLF for target of Rs 312-322.

“DLF has been sustaining at higher levels after giving a breakout from a double-bottom pattern formed on the daily chart. It has also observed an upside breakout from an inverted head-and-shoulder pattern on the daily RSI, thus adding to our bullish outlook on the stock price.

Traders can initiate long positions in the stock in the range of Rs 289-284 with stoploss of Rs 274 and a target of Rs 312-322,” the report said,” the report said.