HOUSING URBAN DEV NSE:​HUDCO

A symmetrical triangle was spotted, however the breakout could pass the 3% closing test and hence no trade. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.

As per the weekly charts, HUDCO brokeout from the downward channel. Target & SL mentioned on the chart. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.

Breakout on RSI and we see price making Higher Highs and price above 30 Day Simple Moving average. breaked out of downtrend and been accumulated for quite a few weeks now. Price near all time low now and the next bull run should be massive.

Levels mentioned on the chart.

This is for learning purpose, just observing charts and marking some highs and lows, confirming DOW theory

Can be bought on dips towards 84 or can be bought above 88 levels. Can move to around 98-100.

HUDCO Support 84.5 83.8 Resistance 86.6 89.1

All plotted on chart. Trading at 61.8% Retracement level. Crucial Zone @ 79.15 to @ 80.75 also Bullish GAP @ 79.40 - @ 81.40 Go Long: @ 82.65 to @ 81.45 (40% of investment) If Crossed @ Stay above @ 83.50 for more than 30 min, accumulate more. If Dipped Below @ 81.40, wait for @ 79.70 - @ 79.35 (as it is Previous GAP & may be Covered) TARGET: Plotted on ...

One can buy HUDCO in 79-81 if you get there. Try will Small SL of 76 on close basis. Target 88/100