Thursday, January 9, 2014

HDIL AT TRENDLINE RESISTANCE


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.


For Further Reading,
HDIL CHART ANALYSIS, Stocks Analysis

1 comments:

Sunil Mane said...

Sir... thanks for your analysis, I am also of the SAME VIEW... with your view I got some more confidence.

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