HUDCO : DOW THEORYHUDCO following DOW THEORY and now near resistance.
Will it break and retest? comment your view.
HUDCO trade ideas
HUDCO HUDCO showing some signs of reversal. As it has been on bullish trend, tapped into 3hr Fvg, which caused MSS on 15m with price taking support on the breaker block, continuation expect based on EOF.
Tgt: Previous ATH.
hudco starting wave CHUDCO is consolidating for a long time , and may start the wave C with impulse,
if the count is correct . the move should be seen, soon enough.
Uptrend in HUDCO continuesthis one continues to make new highs and more to come.
updated the Elliott Wave count, since my last update, as price developed further.
price currently seems to be in final stages of wave (iii) in blue.
Will update again as price develops.
Thanks for reading!
HUDCOSuper B/O Above.... 178
Tentative price movements and important supports are marked...
Keep playing this chart for better Understanding.... of Price movement....
Redlines are strong resistance points....
Buy on dips if you get near green lines or near 178 for better risk/reward...
BUY HUDCO PRICE @ 76 27% ROI EXPECTEDBUY HUDCO PRICE @ 76 27% ROI EXPECTED
Buy1 cmp entry @76
Target 1 @96
ROI 1 @27
Buy2 Pending entry @62
Target 2 @96
ROI 2 @55
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Hudco LonGHudco Under Demand zone
expecting blast from low levels
Educated zone are marked for invesment
Housing & Urban Development Corporation LtdSTOPLOSS 70 - TARGET GIVEN IN CHART
FUNDAMENTALS
Market Cap
₹ 18,253 Cr.
Current Price
₹ 91.2
High / Low
₹ 95.9 / 40.4
Stock P/E
10.1
Book Value
₹ 78.5
Dividend Yield
4.24 %
ROCE
8.81 %
ROE
11.4 %
Face Value
₹ 10.0
Promoter holding
81.8 %
EPS last year
₹ 8.50
EPS latest quarter
₹ 2.26
Debt
₹ 63,276 Cr.
Pledged percentage
0.00 %
Net CF
₹ -512 Cr.
Price to Cash Flow
-21.5
Free Cash Flow
₹ -853 Cr.
Debt to equity
4.02
OPM last year
96.1 %
OPM 5Year
94.6 %
Reserves
₹ 13,721 Cr.
Price to book value
1.17
Int Coverage
1.51
PEG Ratio
0.92
Price to Sales
2.51
Sales growth 3Years
-2.19 %
Profit Var 3Yrs
-0.13 %
HUDCO for swing Entry - wait for some retracement ( if it gets opened in UC or 5%+ up wait for retracement )
Sl - 3% or your risk
Tgt - 10% then trailing SL , 2 target is 247
Note - if it opens high starts moving dont entry , more chances are there to get trapped
It will tell us when its got the direction.please make alert around these levels and remind me .
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
#HUDCO made a new ATH after more than 6 years Stock made a new ATH after more than 6 years and today Stock is up >19%.
Such stocks tend to go much higher.
Anyone looking for a long-term investment, then this can be a good stock to add to long-term portfolio.
If market gives a chance, can add to stock also at ₹100-₹110 levels.
Also, this stock has been consistently giving dividends as well.
Nice uptrend in HUDCO. Full Elliott Wave Count!A very clear 5 wave Elliott Wave structure in this one.
Also the break of all time high adds more confidence to this count.
Full EW count on the chart with a clear invalidation level.
Thanks for reading!
Target for hudco 175 and SL below 96Hudco gives a nice break out and we will see 175 in few months and SL below 96 any 4hr candle closer
Hudco 7 year long breakout entry above 136
sl 81
tgt as per your own risk
stock also makes breakout of inside bar breakout
of oct-nov monthly candle
one can also derived tgt and sl as per inside bar
BREAKOUT IN HUDCOA multiyear breakout in HUDCO on weekly chart today. Keep your eyes on the stock for a target of 120
HUDCO on weekly TFHUDCO is trading at its 52 week high at its resistance. It looks bullish as per price action and volume. If it breaks 90-85 zone and retest it, it would be a good entry point. We may a small down side move or side ways move for a little while. It can reach 150 levels if it goes in a way as described above.
RSI : Above 60 on monthly, weekly & daily time frame
Volume : Looks good in last few weeks
making rounding bottom pattern
One can also trade cup and handle pattern if it cools down at resistance and correct it & then breaks out upward with volume.
HUDCOIn Weekly time frame,
=> In wtf, prize crossed 0.786 level
=> Next target alt gartley 0.886 level
Buy HudcoBuy Hudco for the target of 90 rs
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HUDCO--SELLwe are near to trend resistance sell here and buy on subsequent retracement to 62-63 level level
