HDIL has closed above S/R zone, next green candle and you can buy with target for 90, 92.3 & 96. Trail with SL if it goes any further.
If goes below 85.8, short with targets of 82 & 80.
These are my personal views about this stock, do your own analysis and trade accordingly.
HDIL has formed a H&S Pattern on weekly charts, but its near very critical support.
Hence I expect a bounce from these levels instead of breakdown.
Target 74/80 in couple of weeks, may be before budget.
HDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...
5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....
80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...
In monthly...
The stock has shown good strength with a steep rising angle.
Now it has come to the level where it will face 2nd resistance ( the 1st one it crossed by a gap up on the second attempt )
Here, again it will face pressure, look out whenever it breaks out convincingly and go long.
Go to lower timeframes if you're a short-term trader.
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
It is been observed on daily chart that the price action forms a Hammer candlestick at the support levels where price action was picked up from the day's low to end near the high or open of the day, indicating a bullish come back at crucial support levels. Now, it shall turn up to around 61 levels which is 23.6% Fibs retracement levels.
Target: 61
Stoploss:...
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...
