HUDCO developed strong buying in the previous week's, with every increase in Volume the stock would continue to be in an uptrend. The RSI beyond the 50 parameter supports the bill run, and the ascending triangle signifys that the RSI would indicate a next buy beyond its 60 parameter and 70 parameter. Therefore our target for HUDCO is at 58+
This is just a quick look from a TA view. Housing is not supposed to be a "Sexy" Asset with huge returns. When housing reaches the "Danger Zone" major dislocations in the economy will begin to show( this can be a slow lagging process to reach the surface) -The danger zone or higher, usually leads to the fed increasing interest rates to keep the economy in check. ...
HDFC - BUY @ CMP WITH A SL OF 1405 AND A TARGET OF 1930. TARGET SHOULD BE ACHIEVED BY THIS EXPIRY
First in all, it hit major support region and bounced right off it. - This is a sideways market where Bollinger bands are very useful for trading. The price action just hit the lower band. Which is a buy ! - RSI Showing bullish divergence on the 1H and above. These are my buy signals. Might have a good day on Monday!