Double bottom formation done. Waiting for breakout at 66.10. MACD cut will happen on coming days. Stoch also moving from oversold region.
Target range :62,66.
After breakout the double bottom range on upside Target is 74-78
HDIL looks really interesting it forms ascending triangle in Daily chart which may result in breakout....but in Monthly chart it form descending triangle so if it break its long term support i.e. below 54 might result in breakdown....
A Doji formation can be seen on HDIL daily chart and stock is currently trading at more than 2 year low a possible reversal can be happens so a risky buy can be done for short term above 62 level with Target- 68/74 with stop 56-58 area. Its risky because its not a clear hammer formations neither volume support at this level. wait for close above 62 than go for long.