HDIL - Short candidate till support 62 Short

HOUSING DEVELOPMENNSE

Description

⋅ Aug 7, 2017 8:58 AM

HDIL is rushing towards long suport.

Squeeze burst indicates burst towards short side, and can be a good positional short candidate till 62.

Entry price - 70
Target - 62
Stoploss - 72 clbs

Trade closed: target reached

⋅ Aug 8, 2017 9:15 AM

Target 62 reached.
But no sign of base forming or squeeze indicator reversal.. it might break into 50's

Supply and Demand