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HDIL on long term support may go upward

NSE:HDIL   HOUSING DEVELOPMEN
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HDIL trading in bearish channel and it suddenly open gap down on 9th Nov due to bank note ban and touched its long term support and retested again the level 56.00 but has been unable to break which seems it is not willing to break support. we may see upside movement in the stock till bearish channel resistance 61.00.Traders may go long on HDIL with a target of 61.00 and wait for breakout and the next target may be around 68.00 in near term.

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