HUDCO FOR 260 +Housing And Urban Development Corp Ltd ( HUDCO ) is one of the Navratna from government companies ready for big rally. Housing And Urban Development Corporation Limited is a techno-financing company. The Company is engaged in housing and infrastructure project finance (including Retail Lending) and provides consultancy services.
We do see a clearly volume spike in HUDCO and we are expecting a rally from this point.
CMP : 228
SL : 190
TARGET : 260
Housingfinance
LIChsgfinance showing reversal signsHousing finance sector is looking very positive considering the tapering effects of recession and inflation data.
PNBHsg finance has already skyrocketed post breakout.
Lichsg finance is a good fundamental stock which is looking a good positional trade. This idea is not a recommendation and is shared only for educational purposes.
You can also study stocks like aptus hsg finance, ibull hsg finance, HUDCO which are showing similar trend.
PNB housing near a strong supply zonePNB housing has shown an amazing rally post breakout of trendline.
Stock is currently near a strong supply zone of 820-850.
Next target for stock is 1200.
Stock can give buying opportunity near 650-700 before breakout. Add on dips.
Idea shared for educational purposes
CANFIN HOMES Weekly Trade Opportunity; Parallel Channel setupCan Fin Homes is building a beautiful parallel channel . This channel begins from Fall of 2020, and builds up till date. The stock has given respect to both bands of this channel and continues its journey. Currently the stock is trading near its all time highs of 2017, which it did broke a few weeks back, but faced a strong resistance and retraced. This week can help the stock with its momentum and help it close above this resistance zone . Personally Bullish on this stock.
** I am not a SEBI Registered Advisor. Kindly consult your advisor before taking trade.**
Trading Tip: Construct a bullish pennant on 15min chart, it is clearly visible. You can observe that there is a breakout in this TF accompanied with strong volumes. It surely builds a great short term opportunity for the stock!
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Hosing Development Finance co. (Good Buying opportunity)
Good Buying Opportunity In Housing Finance Ltd
Buy @ 2156
TP@ 2095
SL@ 2319