HUDCOThis has formed bearish downward channel. Recent selling came after forming LH
importantly sideways movement is needed to save more price correction going forward.
HUDCO trade ideas
HUDCO SHOWING BULLISHNESSHaving taken support hudco look like bullish green line shows support level it is bullish untill trading above first support,In case of failure there is a pattern INVERSE HEAD & SHOULDER may come in picture in weekly chart,Neckline of head and shoulder is clearely shown in the chart so whenever it failled to sustain above neckline this stock will draw this pattern so be carefull and keep trade,this is my view not buy/sell call that will be your own decision,
Hudco - U - Turn PossibleStock currently in Higher Highs Higher Lows
After a brief uptrend stock may loose steam
As it is reaching its strongest hurdle area of 275
If pauses it may possibly try to reverse
High chances of not breaking and sustaining above 281
After reversal 1st stop can be near 240, if pushed further final stop can lead the stock to 210
HUDCO#HUDCO - one more good setup and price action.
Stock has bounced from the supply turned demand zone with a good volume.
Relative strength has turned positive on weekly and improving on daily too.
HUDCO:Reversal in Motion –Average Crossover & Strong Fundamental"HUDCO: Reversal in Motion – Moving Average Crossover & Strong Fundamentals"
Stock: Housing & Urban Development Corporation Ltd. (HUDCO)
Analysis:
HUDCO is showing clear signs of a reversal after a period of correction. The stock is at a critical juncture with a moving average crossover, signaling the possibility of further upside. Backed by excellent financials and increasing institutional interest, the stock looks poised for a strong rally.
Key Highlights:
Promoter Holding: Stable at 75.00% (Sep 2024 quarter).
Institutional Confidence:
FII/FPI Investors: Increased from 128 to 145.
Mutual Fund Schemes: Increased from 18 to 20, signaling growing trust.
Financials:
Revenue: ₹2,526 Cr, a solid 34.3% YoY growth.
Net Profit: ₹689 Cr, an impressive 52.5% YoY growth.
Technical Setup:
Reversal Pattern: The stock has started recovering after a significant correction.
Moving Average Crossover: A bullish signal that may trigger further buying momentum.
Trade Plan:
Entry: Near CMP or after sustained confirmation of the crossover.
Targets: ₹285 (short-term), ₹344 (mid-term).
Stop Loss: Below ₹190 to manage risk.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Hudco - Breakout from downward trend!!Hudco has given a breakout of downard trend. It may retest again at a zone marked in green. We believe it is heading towards 300 as first target and then to ATH. Following are the factors:
1. Beneficiary of PMAY 2.0 scheme - more disbursements to every kind of sector.
2. Recent agreement with NBCC for land development in Noida
3. Financing Amravati Project in AP and Bangalore Ring Road
4. QoQ and TTM results are superb
5. Breakout of latest swing high from a downward channel.
6. Volumes are also building
Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right price.
Cheers!!
Technical Analysis for HUDCO (Housing & Urban Development Corpor
Chart Pattern: W-pattern breakout with strong volume
Key Breakout: 200 DEMA breakout confirmed
Trade Type: Swing trade for 6 months
Entry Strategy: Buy after breakout confirmation
Stop Loss (SL): ₹217
Targets:
Target 1: ₹275
Target 2: ₹299
Target 3: ₹343
Monitor price action and volume for sustained momentum. Adjust stop loss as the trade progresses.
#HUDCO #TechnicalAnalysis #WPattern #200DEMA #SwingTrade #StockMarket #BreakoutTrading #RiskRewardRatio #TradingStrategy
HUDCO - Consolidation BO - Daily This chart represents **Housing & Urban Development Corporation Ltd. (HUDCO)** and shows a downward **channel breakout** pattern.
### Observations:
1. **Downtrend Channel**:
- The stock was in a descending channel pattern, as marked by the yellow trendlines.
- The breakout above the upper trendline signals a potential reversal from the downtrend.
2. **Breakout Confirmation**:
- The breakout level appears around ₹233.02, and the price closed at ₹238.61, indicating a successful breakout with a gain of +4.80%.
- The breakout is accompanied by higher volume, which adds strength to the bullish move.
3. **Target Levels**:
- **Measured Move**: Based on the channel height, the next significant resistance is marked at ₹274.30.
- **Support**: Strong horizontal support lies at ₹189.99, which is the previous low.
4. **Volume**:
- The volume bars below the chart confirm increased trading activity during the breakout, a strong sign of investor interest.
### Potential Strategy:
- **For Bulls**:
- Enter on pullbacks near ₹233, if any, with a target of ₹274.30.
- Place a stop-loss below ₹223 (previous resistance turned support).
- **For Bears**:
- Watch for rejection or lack of follow-through near ₹274.30 for a potential short-term reversal.
Would you like further analysis on entry points, or should I provide other technical insights?
HUDCO is looking good for short termThis stock was more than 40% down from it's top price. Now it is bouncing back from crucial support. Keep on Radar!!
Buy Hudco Bullish Railroad Track Pattern on Weekly Charts Buy Hudco Bullish Railroad Track Pattern on Weekly Charts
Buy Above 225 with target of 280 Stop Loss at 215
1.Fundamintal aspect : Company has been maintaining a healthy dividend payout of 41.8%
2. Technical Indicators:
- RSI: 47.33, indicating a neutral position.
- SMA: 26.4, suggesting the stock is trading above its simple moving average.
- VWAP: 225.73, slightly above the current price, indicating potential resistance.
3. Valuation Metrics:
- Market Cap: ₹633.9B - Trailing P/E: 29.99
- Price to Sales (TTM): 19.84
- Profit Margin: 66.2%, indicating strong profitability.
5. Investment Consideration:
- HUDCO has shown strong price appreciation and profitability.
- The high debt-to-equity ratio suggests potential financial risk.
Hudco Date 26.09.2024
Hudco
Timeframe : Day Chart
For Swing Trading - Target 3%-10% upside
Remarks :
At 200 ema + retracement upto golden ratio 61% at Fibonacci + at support of 161% extension at Fibonacci circle spread is good worth risk taking buy bet. Keep stoploss as per your risk appetite.
Regards,
Ankur Singh
HUDCO LONG FROM SWING BASEHUDCO is taken support from swing low and will move upwards till previous resistance 35% upside potential is possible. RSI is > 30 moving upwards.
HUDCO FOR LONG POSSITIONAL TRADE Market Cap
₹ 50,748 Cr.
Current Price
₹ 254
High / Low
₹ 354 / 70.5
Stock P/E
22.7
Book Value
₹ 83.0
Dividend Yield
1.60 %
ROCE
9.23 %
ROE
13.2 %
Face Value
₹ 10.0
Stock in the Demand Zone: HUDCOHUDCO has been in a downtrend for some time.
It has strong support around 246, 229, 205 levels.
Resistance: 309
Revenue Growth of 19% in FY24 when compared with FY23.
hudco studynot for real trade if 212 touchs 293 easy if break 293 then 333 easy not for real trade study material paper trade only
HUDCO - Swing tradeBullish above trendline, good time for swing entries or averaging existing positions.
Stock near major support for Short termHudco is near to major support level. Expecting 25% growth in short term.
HUDCO - Swing Trade If trend line break than new range again
50% Buy @290 (cmp) & 50% Buy on dip 280-285 TG 320,340 SL 270
Educational Ideas
To motivate us, Please like the idea If you agree with the analysis.
shortRegression trend top, resistance of 10dma; this is a compelling short since price movement also suggests seller pressure
HUDCO- full year plan with levels and targetsHUDCO has become a popular choice for traders and investors; however, the stock is exhibiting volatility, leading to stakeholders selling their shares, taking positions, and then selling at a loss. Here is HUDCO's comprehensive plan, which will span the entire year, allowing you to adjust your positions accordingly.
