It is been observed on the daily chart that the price action breaks the trendline and moving upward, indicating buyers comeback.
Target1: 92
Target2: 95
SL: 85
On Daily chart of HDIL its making higher high higher low formationa and also its make invert H&S pattern which was break with very good volume .target would be 79 which is also 200DMA
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 ...
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BSE:HDIL
