HUDCO "LONG"

17 Mar 2021

in weekly timeframe BREAKOUT can be seen in HUDCO, cleared the hurdle/strong Resistance of 46.55-47.50 zone or levels. if manages to sustain above 46.55 lvl or if doesn't close below that level on weekly timeframe can make a long position for short term or mid term for the above given targets. OR if you trade on BREAKOUT method can enter on candle closing above 51.20 , probable movement is shown in fig, STRICT stop-loss should be on candle closing below 43.75 lvl.
THIS VIEW OF MINE IS PURELY BASED ON TECHANICALITY OF CHART, BEWARE OF NEWS.