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    Momentumisers: Here’s why DLF is underperforming

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    Momentumisers: Here’s why DLF is underperforming

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    DLF was down 6.5 percent yesterday, February 22. In fact, it closed at the day's low and that point is also the lowest in the 5 months. It has lost about 13 percent in the 5 days and considering these last 5 days too, a surge is seen in volumes; overall 23 percent higher as compared to one month's average.

    DLF was down 6.5 percent yesterday, February 22. In fact, it closed at the day's low and that point is also the lowest in the 5 months. It has lost about 13 percent in the 5 days and considering these last 5 days too, a surge is seen in volumes; overall 23 percent higher as compared to one month's average. Similarly, deliverable volumes are also 63 percent higher as compared to the one month average.
    Yesterday, intraday volume too was the highest in 5 months. Its closest resistance is the 200-day moving average (DMA) that's around Rs 357, which is also incidentally a 2-day high.
    Of course, the key triggers are the risk-off sentiment in markets because of the growing geopolitical tensions around Ukraine and also fears of a rising interest rate cycle with the expectations of inflation coming in which are working against the real estate sector in general.
    Watch the accompanying video of CNBC-TV18’s Agam Vakil for more details.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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