HUBTOWN trade ideas
Hubtown - The Busiest Hub in the Town :)Revered as one of the most reliable real estate developers in India, Hubtown was conceived in 1985 with the intent of dramatically transforming the real estate.
As part of the Interim budget there is strong focus on Railways, Infra, Green Energy and Real Estate.
On the Technical Front - Hubtown has formed a big Cup and Handle BO on Monthly level. There is an immediate resistance at 150
Above 150 WCB - Hubtown will fly towards 255
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HUBTOWN - Ichimoku BreakoutStock Name - Hubtown Limited
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 84
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Buy Hubtown for short termAs can be seen on weekly chart the price has crossed above tenkan sen and there is flat kijun which attracts price towards it. So its good for short term price till price reaches the tenkan. Also there is an uptick in the AD line which means smart money is flowing in.
Happy investing / trading
Regards
Shamoil
HUBTOWN worst is OverElliot wave expert can Correct but it seems Stock heading towards 180
Promoter releases pledge on 56.14 crore shares or 7.72% equity of Hubtown Ltd. as per the terms of Regulation 29 (2) of the Securities and Exchange Board of India Regulations, 2011. Promoter releases pledge on 56.14 crore shares or 7.72% equity of Hubtown Ltd. as per the terms of Regulation 29 (2) of the Securities and Exchange Board of India Regulations, 2011.
The acquisition was done on January 4, 2017.