Housing and Urban Development Corporation Limited (HUDCO) is a public sector company in India that operates in the field of housing and urban infrastructure finance. Here are some key points about HUDCO:
Objective: HUDCO's primary objective is to provide long-term finance for housing and urban infrastructure projects in India. The company plays a significant role...
HUDCO has given Cup n Handle pattern breakout from earlier resistance levels of 58.
Price has given breakout, re-tested the 58 levels and is on the rise again now for new highs.
Target: 75+, 85+
SL: Daily close below 61.5
HUDCO's share price Dropped 9.51% on Wednesday, the stock reached a low of 81.22 rupees in the day.
According to the stock exchange information, the government is selling up to a 7% stake in the state-run housing finance company through the Offer for Sale (OFS).
Support Zone - 65-67
Major Support Zone - 53-55
HUDCO is following the triangle pattern since the IPO listing. considering today's move it may give Breakout to test the listing day low and later test high all time high.
Its showing strength on monthly as well as weekly timeframe.
An inverted H&S pattern breakout on monthly TF. VCP on weekly. 7-8 weeks of consolidation ~10% range. We need more confirmation by sustaining above 67 levels. If it succeed to sustain then it can test 79-82 levels. Price is sustaining above its key moving averages.
Now 58-63 levels shall act as...
Swing stock for week:- HUDCO
Buy above 80+
SL 71
Target 100+
Disclaimer:-This is not a buy and sell tip it's only for educational purpose analysis.we are not responsible for your profit and loss.
#Swastik_capital
#HUDCO trading above Resistance of 70
Next Resistance is at 84
Support is at 50
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
PATTERN- The stock is forming a vey long and reliable rounding bottom also some small patterns like cup and handle and inverse head and shoulder can be spotted which further enhances its accountability
Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country
The company is one of the major financiers of urban infra and housing projects, thus remaining strategically important for Govt's objective of housing for all. The GoI holds ~81% stake in the company. It also has...
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.
Disclaimer:
This idea is only for education...
Stock Name - Housing and Urban Development Corporation
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 71
#This is not Buy and Sell recommendation to any one....
BUY - HUDCO
CMP - Rs. 56
Target - 1: Rs. 79
Target - 2: Rs. 92
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
