 "HDIL, Oberoi Realty, DLF: Three realty stocks looking good on the charts")
NIFTY REALTY INDEX: After slipping below the crucial 100-weighted moving average (WMA) recently, the Nifty Realty index has made a sharp rebound. The consolidation in the range between Rs 215 – Rs 200 in the oversold region has helped it to regain the momentum, technical chart suggests. The current formation on the chart indicates possible "Upward Broadening Triangle Pattern", which suggests volatility in the stocks as swings in trend remain uncertain.
Nifty Realty index
OBEROI REALTY: The stock has given a trendline breakout on weekly time
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