Stock of the week (30th May – 3rd June ’11)

HDIL (Housing Development & Infra)

It is looking very strong for next week. Technically it’s forming rounded bottom formation. This indicates that now stock it ready to cross its consolidation phase. It is having strong resistance @ 163.50. If sustain this level so one can go for long in it for short term tgt of 166 and 170 with risk of 155.