Has DLF bottomed out @ Rs.210.1?

DLF announced its numbers on May 24 after market hours and as they were bad, the stock closed 4% lower at Rs.210.1 on May 25. The last time the equity closed below Rs.211 (Rs.209.6) was on April 07, 2009.

I have been tracking this stock since last three days and every time when it reached to Rs.210, it bounced back. This doesn’t ensure that the stock will not fall below Rs.210, but what I feel is, a long term bottom is almost to come. It is only time that will tell us whether DLF has already bottomed out or will bottom out soon, but I thought I should share my thoughts with you.