HIUDCO formed a Cup & Handle Pattern and started give breakout from 59 level.
Stock can be accumulated around 59-60/61 level.
T1 is expected at 67 and T2 is expected around 73.
Overall expected target is around 77.
Set stoploss at 54.5 and increase the stoploss when stock moves up.
Pattern is tracked on daily chart.
This idea is only for education...
yeah it is right time to invest in HUDCO, the PE ratio of the company is good ,and also the dept is little hight, but now it form the haed and shoulder pattern .now it is in dip ..., divident percent is high 6-7% , i thought one think , india definitly become like a dubai , so urban based construction company also will grow. invest in future ...
1. rising wedge pattern price movemetum
2. last week candle buying pressuure initimation and bullish hammer canddle so confimation of uptrend
3. rising wedge pattern support line cross after trend reversal so coming expert strong up move
HUDCO Trend Analysis
👉 Rising wedge pattern resistance trend line breakout beraish sentiment
👉Bearish ABCD Pattern formed pricemovetum going down side
👉first down side target c level when first target break the level confirmation of second target