HDIL:22 highly over sold. next res:37 and 53.00 SL:21

HDIL:22 is showing a positive divergence after breaking the long term support
can make move towards 37 and on crossing this level can take the stock to 53.
An improved quarter can overturn the scenario from bearish to bullish till then it is a poor show.
Comment: RSI at strong support


Any latest update Sir
+1 Reply
padiyara Sidharth_Kr_Jain
HDIL doesn't show any improvement in performance, but it is at very low price level. so dont exit.
you know that the Reality sector is totally performing bad now. But see that the stock is holding some value.
its book value is nearly is at highly oversold stage for long time now. will make move soon.

Even though a stop is given in posting is at 21, it is a bottom price now, there is no point is exiting the stock here.
the suggestion was to watch for an improvement in fundamental before the entry.
Hope this will help your confidence to hold the stock for some more time. you can call me on any Fridays or Saturdays if you wish to have a chat, just send me you number on PM.

This site is coming under community network, hence it is blocked at my work place recently, so my interaction are limited due to time constrain.
friends and viewers please bear with me.
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