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DLF, Oberoi Realty: Rally in real estate stocks has more legs, charts show

The Nifty Realty index can rally towards 525-level.

construction, realty sector, flats, NCLT, IBC, Housing
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Realty stocks

Avdhut Bagkar Mumbai
NIFTY REALTY INDEX
Likely target:  525
Upside potential:   6.50%

The overall weekly and daily structure indicates a negative trend considering the “Head and Shoulder” formation, however, as long as the index defends the recent reversal with a low of 442, the momentum may shift towards a positive side. The following supports at 480 and 460 levels need to be closely watched. The upward bias may see a rally in the direction of 525 levels. CLICK HERE FOR THE CHART
 
DLF Ltd (DLF)
Likely target:  Rs 445
Upside potential:   8.50%

The

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