HDIL share price daily chart analysis
HDIL stock on last trading session closed at 41 rupee with loss. On daily chart, stock price trend and momentum both are down. After breakdown at 47-rupee level stock has hit low around 38.7 and now prices are consolidating and trading in range. For short-term view, below 45-rupee level keep bearish view.
On downside, support zones are 40 and 38. While on upside expect strong supply from market at 45 and 47 levels. Daily chart indicators pattern is suggesting recovery move is expected ahead.
That why, short-term traders can buy and accumulate this stock around 40-42 range with strict closing basis stop loss below 38 for target 45-47.
HDIL share price weekly chart analysis
HDIL stock on weekly chart is near major support zone of 40-41. Trend is bullish for now but momentum is side of bears. Any weekly closing below 41 with strong price action and volume will be another breakdown for much downside targets.
From medium term view, below 41 level 32 and 24 are support zones while on upside 49 and 57 are strong resistances as well as targets if sustain above 41.
Swing traders here keep wait, watch strategy for 1-2 weeks, and track price. If sustain above 41 level then can buy for target 49 to 57 with 3 to 6 month time frame in mind. Investors must stay away from this stock and those wan to investment keep it mind that is it will be high-risk investment.
HDIL share price monthly chart analysis
HDIL stock has outperformed in short to medium term and given 30% return in last six months while in December 2013, it was almost double from lows and given more than 70% return for traders. Nevertheless, in long-term view it is real loser.
HDIL stock on monthly chart showing some recovery pattern but as fallen from high price point expect range bound move for very long time. Price action is expected when company fundamentals as well as economy fundamental will change, until then it will be very high-risk investment. 20-33 rupee will be historic support range. If any thing good happen then expect target of 61, on upside in next 12-24 months period.
HDIL company description
Housing Development and Infrastructure Limited (HDIL) is a real estate and infrastructure development company. The Company is engaged in the development of real estate and slum rehabilitation projects in Mumbai Metropolitan Region. Through HDIL’s subsidiary, HDIL Entertainment Private Limited, HDIL is engaged in developing and operating movie multiplexes under the brand name Kulraj Broadway, as of March 31, 2012, there were five multiplexes operational. The Company operates in one segment, which includes real estate development and construction of residential and commercial properties, infrastructure facilities and all other related activities. During the fiscal year ended March 31, 2012, it launched 8,50,680 square feet of saleable area in suburbs, projects include rehabilitation, as well as sale buildings. On November 30, 20111, HC Infracity Private Limited became the subsidiary of it. HDIL Commercial Properties Private Limited was subsidiary of HDIL up to June 30, 2011.
HDIL stock fundamental ratios
40.70 – 42.10
26.10 – 71.90