High beta stock for intraday trading: Buy HDIL @ 168 for target 170.1 and 172 place protective stop loss at 166.4 At CMP of 168 the stock is trading positive by more than 2%, but we are expecting further buying into the stock, and looking the charts we feel that the trend is more likely to be bullish for today, So it seems to attract more buyers on every pull back in this stock. The volume is also very good with the supportive buying. Technical indicators suggest the upside is possible and it is in favor of trade, stock HDIL. Investors must stay away from this stock. However traders can play by buying 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.
send sms as soon as hdil comes @60