April 24, 2010

HDIL Technical analysis

  • HDIL is trending down within a well formed channel.
  • the current down move may find support between 260 and 265.
  • Look for a break out on either side of the channel will be a good buying or selling opportunity.
  • Break out on either side can give at least 50 points on either side. 
  • Those who like to play the range can look for a bounce from the channel bottom line to buy.

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