HDIL is at a make or break
situation.
- The stock was in a good uptrend. Prices crossed 200 DMA on 23 Dec. 2013 but could not sustain there & again closed below it.
- Today it has closed on a trendline resistance. It has bounced twice from this trendline before. Also the stock has retraced to 61.8% Fibbonacci levels. Hence we anticipate a bounce back again which may take it to 60 levels. If it fails to take support here, it may give a good break down to levels of 45.
Disclaimer and RISK WARNING:- All these Trades and Calls are Posted for Educational Purpose and nobody should take it as a Recommendation to Trade.
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1 comments:
Sir... thanks for your analysis, I am also of the SAME VIEW... with your view I got some more confidence.
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Your Comments and Few words helps me in DOING BETTER WORK.
Thanks