The Inverted H&S pattern observed in Weekly Time Frame of DLF has probably known to everyone by now.
The significance of me posting the chart today is on back of Positive news that DLF has sold its subsidiary's stake to a GIC Singapore at a valuation of about Rs 35000 Cr at a time when the Market Cap of DLF ltd is Rs 33352 Cr. This makes me think that stock might rally significantly to Rs 230-260 levels in coming weeks on back of this stake sale and plans of debt reduction through sale proceeds.
The significance of me posting the chart today is on back of Positive news that DLF has sold its subsidiary's stake to a GIC Singapore at a valuation of about Rs 35000 Cr at a time when the Market Cap of DLF ltd is Rs 33352 Cr. This makes me think that stock might rally significantly to Rs 230-260 levels in coming weeks on back of this stake sale and plans of debt reduction through sale proceeds.