Here DLF is outperforming the realty index and already broken above its long-term base. So continuous strength in the sector will benefit the DLF. The RSI above the level of 70 indicates the demand while the broader Nifty50 stock remained weak.
Rationale behind this trade
OPEN
RELIANCE
(Enter above 2117.0)
2000
-5.53%
Current
2150
Target
2000
Stoploss
2117
Entered
(21/01/2021 13:15:00)
Recommended on 21-01-2021 13:08:00 and valid till 21/02/2021