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Thursday 24 January 2013

HDIL - The Hot Stock

By falling 40% in 3 trading sessions and through all support levels, it finally stopped its drop at 78.2% Fib level of rise from 58.6 to 123.6, which is placed at 72.5. If it breaks 72.5 levels also then next supports are at 67, 65, 60, 58 and 51. We expect a bounce from here, unless some more -ve news flow follow.


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