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Published on 11/07/2018 4:52:41 PM | Source: Choice Broking Pvt Ltd

Buy Hubtown Ltd For Target Rs.76.00 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Real Estate Sector #Trading Report #Choice Broking #Hubtown Ltd

*  On an hourly chart, the stock has given a breakout of its upper band of Symmetrical Triangle formation which signifies an upside movement in the counter.

*  On a daily chart, the volume activity is gradually increasing with rise in price which indicates further upside move in the counter.

*  Additionally, the stock has given a positive crossover of 21*50 Exponential Moving Average which indicates for a positive movement in the stock.

*  A daily momentum indicator RSI reading is at 59.59 level with a positive crossover which points out for a positive breath in the stock.

*  Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.

Recommendation

Buy Hubtown Ltd @ 70.40 Stoploss 67.30 Target 76

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