Stock of the day : Housing and Urban Development Corporation Ltd For Target Rs. 250

2025-05-19 10:53:08 am | Source: Religare Broking Ltd

Stock of the day : Housing and Urban Development Corporation Ltd For Target Rs. 250 - Religare Broking Ltd

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Housing and Urban Development Corporation Ltd

Buy Housing and Urban Development Corporation Ltd CMP 233.86 Range 232-234 SL 225 Target 250

* HUDCO has broken out from its multi-month declining trendline, potentially ending the corrective phase.

* After a brief pullback, it formed a fresh buying pivot at the confluence of key moving averages.

* Furthermore, volume activity has been robust, with above-average volumes on up days and relatively lower volumes on down days, reflecting trend strength.

* Considering the above factors, traders can initiate longs in the mentioned range.

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Stock of the day : Housing and Urban Development Corporation Ltd For Target Rs. 250 - Religare Broking Ltd

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