Just posting. leisure.. no signs of reversal yet. had been a drag !i suppose such drags are the ones who give good returns in longer stint. this is pure buy and forget types stock for those who go real long..
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.
The price of HUDCO is trading midway between Gann Central and 1-2 at the attractive support of 66. The shortening of candle body shows that war is coming to an end, with a long upper wick signifying that bulls are still in power and consolidation may continue for some days. Can be kept in watch-list for any break-out. Can be bought in case of breakout for target...
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...
