stock looking good above 205 got 3time rejection on 205 create higher low if break 205 it will go up
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Symmetrical Triangle Pattern is progressing in HUDCO. It has a also taken support within the symmetrical triangle. Monthly CPR is narrow.
CMP 202
Support 190
Impulse move expected.
1. Entry at 210
2. Target - 244.5
3. Stoploss - 190.25
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
Housing and Urban Development Corporation Ltd
Target: RS 215
CMP: RS 203.45
ENTRY RANGE: 201-206
STOP LOSS: RS 195
Disclaimer: I am not Sebi Registered.
HUDCO is trying to complete a rounding bottom pattern. Volume is increasing in the stock.
Above 102, we can expect big returns, even 150+.
Stock has dividend yield of more than 4% and is a PSU company in housing finance.
One can enter at CMP and add on dips till 75. SL is below 60 weekly closing basis.
Idea shared for educational purposes.
HUDCO HOUSIMG & URBAN
1) Time Frame - Monthly.
2) IPO base ALL TIME HIGH breakout in monthly with huge volume in both weekly and monthly.
3) It is a Cup Pattern breakout. So, As per the cup pattern target It would be around (186.50) in the long term.
4) Recommendation - Strong buy
#HUDCO trading above Resistance of 154
Next Resistance is at 238
Support is at 102
Here are previous charts:
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...
#HUDCO trading above Resistance of 102
Next Resistance is at 154
Support is at 70
Here are previous charts:
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...
Stock Tring to Breakout of the rounding bottom after 5 Years
If this Breaks the All time High of 103 can zoom to 141
Longer term 1.5-2 Years can be 290++
Support is there at 79 but we will take the SL there
Entry Point is good above 90
Take informed decision check fundamentals please.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
