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.
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