HUDCO (HSG & Urban Dev Corp Ltd) THE LONG TERM BUY VIEW

 MAKE HIGH 184.12 7/3/2025 

FIRST TARGET DONE IT MAKE HIGH  191.65  19/3/2025 

Technical Analysis for HSG & Urban Dev Corp Ltd - NSE (Daily Chart) BUY 158 

1. Support & Resistance Levels:

Immediate Support: ₹135.48

Current Price: ₹160.40

Immediate Resistance: ₹162.35

Next Resistance Levels: ₹193.33, ₹262.20, ₹290.75

2. Trend Analysis:

The stock is in a clear downtrend with a strong descending trendline.

Lower highs and lower lows indicate persistent selling pressure.

The stock recently bounced off support around ₹135, showing potential short-term reversal signs.

3. RSI Indicator (Momentum Analysis):

Current RSI: ~25.64 (Oversold)

RSI below 30 indicates potential reversal or relief rally, but the stock remains weak.

Trading Levels & Recommendations:

Buy Levels (Entry Points):

Aggressive Buy: Around ₹135-140 (Near Support Zone)

Confirmation Buy: Above ₹162.35 (If it sustains above resistance)

Stop Loss:

For Short-Term Traders: Below ₹135 (Strong support breakdown)

For Medium-Term Traders: Below ₹120 (Psychological support)

Target Levels:

Short-Term: ₹162.35, ₹193.33

Medium-Term: ₹262.20

Long-Term: ₹290.75

Short-Term View (Few Weeks):

Bearish to Neutral

Can see pullback if ₹162.35 is broken, else remains weak.

Medium-Term View (Few Months):

Needs to break the descending trendline for a reversal.

Sustaining above ₹193.33 could turn bullish.

Long-Term View (6 Months+):

Bullish only above ₹262

If ₹135 support breaks, long-term investors should wait for a strong base formation.

Final Thoughts:

Short-term traders: Wait for confirmation above ₹162.35 before buying.

Medium-term investors: Accumulate in dips, keeping ₹135 as a strict stop-loss.

Long-term investors: Only enter if ₹193+ sustains.