HDIL could trade in a broad range of Rs 210 - to Rs 135 a close below rs 135 will be a big negative target is rs 200 - 210

HDIL a real estate company based in Mumbai area dealing as Builders and Developers. The stock is currently closed at Rs 172.50.

Since 2009 october after touching rs 400, the stock is in a severe downtrend.

I think the stock is in a tight range of Rs 210 and Rs 135. in the coming months the stock could trade between this range.

If there is a weekly close below Rs 135 , then the stock could go down to rs 60.

What brokerage houses and experts saying about HDIL stock. ?

. IIFL says there is tough resistance at rs 185 - 187

. Hardik jain recommends to exit the stock HDIL.
he said to exit the stock with a stoploss of Rs 190 . he feels the stock futures could go to rs 155 - 160 levels as the chart technicals looking very weak.

. Equity Analyst from RBS feels the real estate sector good perform well, He recommends not only hdil but also DLF and Indiabulls, but he is not positive on Unitech as the debt is a concern.

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