Stock for intraday trading: Sell HDIL @ 160.25 for target: 158.2 and 156.5, place protective stop loss at 161.7. We see selling pressure pulling this stock down as it is already trading in negative more than 3.5%, and is more likely to be bearish today, This is also trading with good volumes. Technical indicators are confirming the bearish and in favor of trade, HDIL stock.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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