1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

HDIL - Buy

Discussion in 'Technical Analysis' started by sujan4bw, Jul 30, 2012.

Tags:
Page 1 of 2
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    My view on HDIL, one can go long if it cross 81 level tomorrow.

    Let me know your views.

    Regards
    Sujan
     
    sujan4bw, Jul 30, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Buying in a long term downtrend means you should be trading with lot of caution and religiously follow stop loss.
     
    shabbir, Jul 30, 2012
    Share #2
  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Hdil is in downtrend from 22-2-12 @135 to 59 21-5-12 almost 70% down in just 3 months so the some bounce back expected from that level so it went to 93 around 50% up on 5-7-12 then again 71 around 20% down 0n 25-7-12 mean maximum it can go up maximum 15% from here that is 82.
    Sorry If I heart you but I dont' think this is good buy.
     
    sanjay_sansanwal, Jul 30, 2012
    Share #3
  4. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Sanjay,

    Thanks for your input. Why would I get hurted with your comment?

    Of course we are all learning. Nice to have good mentor (Shabbir).

    I would explain you latter why I said HDIL - Buy for short term.

    Regards
    Sujan
     
    sujan4bw, Jul 31, 2012
    Share #4
  5. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi,

    Today HDIL opened at 79.35, Hit high of 83.20.

    Regards
    Sujan
     
    sujan4bw, Aug 1, 2012
    Share #5
  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Samething I have noticed today.
    Just hoping for the best and also waiting for ur explaination of picking Hdil.
     
    sanjay_sansanwal, Aug 1, 2012
    Share #6
  7. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Today HDIL high is 86.4. Stock was in Accumulation phase for a while and Relative volume never come down.

    Stock almost up by 5 %. We can clearly see accumulation on 3/08/2012 where it made low of 76.85 and on same day it went high of 82.6.

    Also accumulation on 09/08/2012 low was 76.85 and made an high of 83.25.
     
    Last edited: Aug 13, 2012
    sujan4bw, Aug 13, 2012
    Share #7
  8. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Shabbir,

    HDIL was up almost 7%, now its time to short.

    HDIL is forming symmetrical triangle pattern. It is now trading at 75.4.

    It has got support at 71, Shall I short if it break down the trend line.

    Else should I wait till it breaks 71 ?

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Aug 26, 2012
    Share #8
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    You could short now as well if you think that you can have 86 as your stop loss.

    If you arent shorting now, wait for a spike which takes it near to 86 yet again and then short.
     
    shabbir, Aug 26, 2012
    Share #9
  10. harjeetcisco

    harjeetcisco New Member

    Joined:
    May 3, 2012
    Messages:
    12
    Likes Received:
    0
    hello I will also add new chart
     
    harjeetcisco, Aug 27, 2012
    Share #10
  11. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Sure why not.
     
    shabbir, Aug 27, 2012
    Share #11
  12. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Unfortunately I couldn't short it today. Security is ban for today..
     
    sujan4bw, Aug 27, 2012
    Share #12
  13. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    HDIL has formed W pattern. My view is above 93 should be good.

    Let me know your views.
     

    Attached Files:

    sujan4bw, Sep 24, 2012
    Share #13
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    No the W has cracked the first leg by a big margin and on closing basis as well and so not sure if the rally would continue. Market is going big and so I think this patterns should be avoided and go for some bullish patterns.
     
    shabbir, Sep 24, 2012
    Share #14
  15. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thx Shabbir....its good take away.
     
    sujan4bw, Sep 24, 2012
    Share #15
  16. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Sep 24, 2012
    Share #16
  17. harjeetcisco

    harjeetcisco New Member

    Joined:
    May 3, 2012
    Messages:
    12
    Likes Received:
    0
    HDIL is not doubt is overbought but the market is in upward reaction mode main hurdle is 90-93 and the temperory support is 84-86 but be cautious market is also overbought
     
    harjeetcisco, Sep 24, 2012
    Share #17
  18. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    HDIL crossed its major resistance 93 today....its high today is 98. Its rocking
     
    sujan4bw, Sep 26, 2012
    Share #18
  19. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    HDIL is trading at 107 now.....rallied more than 6%.
     
    sujan4bw, Oct 4, 2012
    Share #19
  20. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi all
    Whats your view on HDIL.
    Is it a good time to enter?

    Regards
    Veren
     
    verenmitter2001, Dec 26, 2012
    Share #20
Page 1 of 2