view on HDIL for short term .

POSTED BY jago fan ON September 28, 2010 2:56 pm COMMENTS (2)

    plz share your valueble view on HDIL for short term

2 replies on this article “view on HDIL for short term .”

  1. jago fan says:

    thanks Hemant B . Actually i have HDIL of 264@ 500 shares..

  2. Hemant B says:

    Let me explain in a technical analyst language:

    HDIL is moving in a small range from last few weeks – it is just under its 50 days moving average, after breaking this it will enter a positive territory.

    On daily chart its facing a strong resistance at 283.40 if it breaks this immediate target will be 293.20 & second target will be 301.75 – it is having a fare chance to go to 321.05 if markets rally.(are bhai 270 se 321 jane ke liye use isi raste se hi jana hoga 🙁 )

    Its having a strong support at 263.75 so you can put your stop loss at that level(kooch to stop loss dena hi padega 😉 ). If it brakes on the down side it can slide to levels of 252.20.

    Now what I(any technical analyst) have done is given an answer which shows I know lot of things but it’s of no use as I have given a 15-20% range where price can move.

    It’s your hard earned money – take your own call. 🙂

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