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...
Hubtown on weekly chart making cup handle pattern.
Can go long.
This is just my point of view.
Do analysis before investing. I am not sebi registered.
This is not buy or sell recommendation.
Stock 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...
Stock is taking resistance from the negative channel. might go down till 33.
Check for black trendline and green positive channel.
Best part fundamentals are good.
HUBTOWN NSE is bullish if 75 holds. Near LIFETIME High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
There was a kind of double bottom on weekly spaced over time. Second swing high after RSI bottomed out. Took a long position with stop as shown. Trailing stop loss will be used to manage.
As 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
Elliot 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...
