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HDIL HAS BULLISH FORMATION ON DAILY CHARTS... EYES OVER IT
HDIL took support & now at resistance level of RSI
this looks good. with double bottom in place and diagonal line breakout , its on rising line having immediate resistance zone around black line! slowly it will inch higher, if i initiate the position , i will go long. it has smaller patterns but i choose to not put it up here. they arent as clinical as they should have been.
HDIL made double bottom iwth bullish divergence
HDIL - Double Bottom, Entry on breakout above 22, SL at 20 and target 24, 28
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.
HDIL will breakout on the positive side if it says above demand zone.
It has been observed that the price action firstly breaking above the downward channel and now initiating to form a higher high and higher low sequence indicating a reversal in the price action. As per my analysis, price action shall further move up to the below targets. T1- 45 T2- 47 SL- 40 Thanks
Long HDIL cmp : 54 Target : 57 -60 Duration : 7 days trade Strict SL: 51.5
HDIL (NSE) for some time is trending in a rectangle and currently at a very strong support zone. It seems to be bouncing off it. It a good opportunity to go long. I am waiting for 1 day candle to close above 52. RSI shows a reversal however MACD is yet to cross over. Three things to keep a note of- 1 day candle closes above 52. MACD crossing over RSI showing...
last time at this price point HDIL printed a pin bar and moved to 66+ and this time again it has printed bullish marubozu, so i will go long tomorrow