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....
Targets : Minimum Pattern Targets 70 Stopzone : Above 98 Initiation Zone : Range 90-87
I am looking this range bond stock , Close above 64.30 can lead further higher high Till 68.40 and brake below the Current range can lead to 57 Regards
HDIL at very very critical level. Aggressive Screen Traders can buy this with small SL. Exit on weekly close below 50
HDIL witnessed huge down and upside today with heavy volume looks another 10% upmove is left, risky folks can buy this script for short term gains.
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.
Bounced from support level 53 with volumes..May see target of 80
HDIL is rushing towards long suport. Squeeze burst indicates burst towards short side, and can be a good positional short candidate till 62. Entry price - 70 Target - 62 Stoploss - 72 clbs
Bullish FLag and Rounding Bottom, HDIL may be hit 100 in coming weeks. Strict SL 70
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
A beautiful triangle on the verge of a breakout.Not much explanation required.One can go long at cmp 87 for first target on the upper end of the traingle. Stop loss 85 If breakout on the upside(which is most likely) then targets are - 95 and then 100. If breakout on the downside then targets are - 82 and then 75.
Everything is mentioned on chart... Note: Do your own study before making any position....