HUBCO is retracing and it may bounce back from its support level is at 126.45 .
On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well.
So first Buy Call at 126.45 to 127 will fetch very good returns. And if price still falls then next support level is at 109.55. Second Buy at that price is even better.
On Daily time frame RSI momentum indicator suggest that momentum is on Selling side and since there is no RSI divergence yet, therefore, Buy 2 is quite possible at 109.5 zone.
Expected gains are almost 70% on NAV value and if we add expected earnings and dividends then even 100% is possible.
On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well.
So first Buy Call at 126.45 to 127 will fetch very good returns. And if price still falls then next support level is at 109.55. Second Buy at that price is even better.
On Daily time frame RSI momentum indicator suggest that momentum is on Selling side and since there is no RSI divergence yet, therefore, Buy 2 is quite possible at 109.5 zone.
Expected gains are almost 70% on NAV value and if we add expected earnings and dividends then even 100% is possible.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.