HUDCO NSE CHANNEL BO WTF POSITIONAL

497
HUDCO NSE STOCK Analysis

TRADE PLAN (DTF Close Price for POSITIONAL
ENTRY -223 25 % Qty, Add 50% qty 250 DTF Close
SL - 192
TARGET --01- 278 , TGT02-- 361
Hold For a -1 + Year or TGT 2

Chart Pattern :
STOCK had a 4Month Streak to Touch an ATH of 350, Retracing in below 50% FIBO Level forming a Bullish Flag /Channel Pattern.

INDICATORS EMA :
The Price is Currently Trading above 200EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of Bearish alignment where price has recvocered 11 %+ with low Volumes indicating an EARLY start of a bullish Reversal on WTF.

FIBO/E :
Currently the price is below 50% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 224 .

Volumes: There is a no significant increase in Volume on the Weekly Charts for1 Weeks after the 16 weeks Pullback.
Maintain a Strict SL
Keep in your Priority Watch List

Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.

MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade

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.