HDIL: Finally Finds Support

HDIL Daily NSE Stock Chart Technical Analysis:


HDIL Close and CMP: 155

Market Outlook:

• HDIL has touched support today, there is a good chance that it will bounce upwards again and not fall below 151.  
• If it opens higher on Wednesday, one may take a long position.

Technical Indicators:

• There is a 3 year old long-term support line which is right now providing support to the falling HDIL stock price.
• Today, the price fall stopped after hitting support and some increased buying also happened at this level. 
• The resistance is at 192. 
• The price is deeply oversold.
• Overall, there is a good chance that this support level at 151 will sustain and the price will move upwards for the time being.  

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HDIL Daily NSE Stock Chart Technical Analysis

(analyzed for D Murthy, Namakkal)