Wednesday, May 8, 2013

0004HDIL26Apr2013 – And it has started going down

Even though today we saw HDIL go down by Rs.6 I still feel there is steam left in this stock.  We can expect it to touch 60-65 levels in the short term. Mr. Hemant Thukral from Aditya Birla Money also has some similar views which you can see here. Nevertheless the stock may touch a support a weak support zone of 51-52 and hence the stoploss should be below that range.

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