HUDCO (NSE) long term analysis BUY

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
the first target should be the 48% level of long Fibonacci retracment
14RS can be a good stop loss and 58rs is the first Target Point

Comment:

as you can see it has broken the upper band of our descending channel and it is on it bullish trend well.
it may have a retrace to the previews support which is the uppe band of the same channel and then continue its rally

Trade closed: target reached:

we are closing our position at 54 Rs

from 26Rs to 54Rs