HUDCO trade ideas
HUDCO 240 MINS CHART LONG SETUP ✅✅✅✅The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
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Tradelikemee Academy
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
HUDCO Continuation of uptrend HUDCO developed strong buying in the previous week's, with every increase in Volume the stock would continue to be in an uptrend.
The RSI beyond the 50 parameter supports the bill run, and the ascending triangle signifys that the RSI would indicate a next buy beyond its 60 parameter and 70 parameter.
Therefore our target for HUDCO is at 58+
High Dividend Payer HUDCO looking perfect for a BOHousing and Urban Development Corporation Ltd. CMP 35.5 is a high dividend paying PSU which many consider a Portfolio stock material just because of the dividend it pays. At current market price the dividend yield is 6.1%. Net profit of the company has been increasing and so is the investment of FIIs and FPIs in the company. Valuations of the company are very cheap as it trades at a PE of 4.1 only. It is a company with Zero promoter pledge. HUDCO can be slow moving at times as the stock drags sideways quiet often. Entry can be taken above 36 closing. Targets will be 38.4. Long term target will be 44 and 46 respectively (6 to 8 months). Stop loss should be maintained at closing below 30.
HUDCO - Do not miss meHUDCO - Weekly 5/20 EMA crossover, looking strong for a long haul. RSI weekly crossing 60. Monthly close above 55 can do a 90. SL: Weekly close below 39.5. Entering with few quantities now and will go week by week on this one, it is not going to blast in few days.
DISC: Not a SEBI Registered. I post charts for my own study.