Stock Analysis: Hudco has formed Reverse Head and Shoulder Pattern, it is good buy around marked the demand zone for the target given on the chart. Let' see
Happy Investing!
HUDCO is a PSU Stock. This stock is trading between the channel for a long time and a break out from this channel is expected in coming days. Resistance is at 61 if it breaks that then it will possibility reach 71 - 73.
HUDCO - Weekly 5/20 EMA crossover, looking strong for a long haul. RSI weekly crossing 60. Monthly close above 55 can do a 90. SL: Weekly close below 39.5. Entering with few quantities now and will go week by week on this one, it is not going to blast in few days.
DISC: Not a SEBI Registered. I post charts for my own study.
we can see the price is in a bearish move and MACD is showing a huge Divergence
the price had touched the lower bound of the bearish chancel and we can observe there is under cross in MACD line and soon we are expecting a reversal in the stocks movements
it has already broken the Ichimoko Cloud also which is again an other confluences in the bullish reversal...
Hi
here I have analyzed the Housing and Urban ticker of NSC using Divergence strategy as we can see the trend is making bullish divergence with MACD which is a sign of trend reversal and complete Price Action and Fibonacci retracement and its confluences with the Fibonacci Projection
I have speculated the time of immediate TP by Fibonacci time zones
you can...
