January 24, 2013

HDIL Chart analysis

INTRADAY UPDATE
  • Price has broken below all support levels mentioned in the daily chart in the below post.
EOD UPDATE

  • HDIL Daily chart shows a high volume breakdown.
  • Price is back near crucial support levels in both weekly and Daily time frames. 50 Week SMA is getting tested a close below this level could take price towards the rising support line.
  • Daily chart also shows crucial support between 91 and 93 If not held price could target 86 levels.
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