ideaplum

head & shoulder breakdown in HDIL weekly chart.

Short
ideaplum Updated   
BSE:HDIL   HOUSING DEVELOPMENT & INFRASTR
2
Today HDIL daily candle is strongly bearish and closed at 62.05. Now I am looking at HDIL weekly chart and there is head and shoulder pattern breakdown is seen. Today low was 56.60. If am looking at monthly chart then support comes around in the 50-55 range. If it goes below that level then next support is around 25-30 zone. so my view is strongly bearish on hdil and I recommend SELL HDIL around 62-65 level with stop loss at 76; My target is 40 .
Comment: As suggested long back now HDIL in its support zone of 25-30.
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