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Price and trend forecast of HUDCO for Tomorrow, Weekly, Monthly

Housing & Urban Development Corporation Limited

Symbol: NSE:HUDCO

ISIN: INE031A01017

218.52

As on 2024-11-08

78.25 (52W Low) 353.70 (52W High)

HUDCO's Today's Performance

Housing & Urban Development Corporation Limited started the day by opening at 227.70 today 2024-11-08. Its shares reached a high of 228.20 and dipped to a low of 217.00 in intraday. When the markets closed, HUDCO’s stock price settled at ₹218.52 per share. Also check out its key support and resistance levels.

HUDCO Buy/Sell Targets

Tomorrow, sell HUDCO when its price reaches ₹ 218.52 with a stop-loss order at ₹ 222.96. You can set the target price as ₹ 214.08 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of HUDCO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for HUDCO

Downside Targets Value in ₹
Tomorrow Down Target 1 225
Tomorrow Down Target 2 232
Tomorrow Down Target 3 237

Important Levels for HUDCO

Holding Levels Value in ₹
Tomorrow Up Target 1 214
Tomorrow Up Target 2 210
Tomorrow Up Target 3 203
Based on where the stock opens tomorrow, if HUDCO opens on a positive note, our first target will be ₹225. If Target 1 is achieved, we will aim for Target 2 which is ₹232.

But if HUDCO falls below the average value of ₹221.24, you can enter a sell side position with target number 1 - ₹214 and second target - ₹210 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of HUDCO

Looking at HUDCO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, HUDCO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for HUDCO is moderate bullish.

Tomorrow's Volume based share price Forecast for HUDCO

HUDCO's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 69%.

Reversal detection for HUDCO

Predicted trend chart of HUDCO tomorrow for price forecast
HUDCO may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹228 in morning tomorrow
Target 1 tomorrow226
Target 2 tomorrow228
Target 3 tomorrow232
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with HUDCO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if HUDCO opens on a positive note, our first target will be ₹225.48. If Target 1 is achieved, we will aim for Target 2 which is ₹232.44.

But if HUDCO falls below the average value of ₹221.24, you can enter a sell side position with target number 1 - ₹214.28 and second target - ₹210.04

HUDCO's Weekly Targets
1st Up Target 228.93
2nd Up Target 239.34
1st Down Target 210.92
2nd Down Target 203.32

As the week for HUDCO ended on bearish sentiments, we can expect further continuation of this sentiment. HUDCO's initial target will be 228.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 210.92 in the upcoming week.

Weekly OHLC Values
Open 219.70
High 231.74
Low 213.73
Close 218.52

Week for HUDCO started with an open price of 219.70, and the close was at 218.52. HUDCO reached the highest of 231.74 and dipped lowest up to 213.73 last week. This indicates a bearish sentiment for the week.

HUDCO full month swing targets
Monthly Up Target 1 246.94
Monthly Up Target 2 257.35
Monthly Down Target 1 192.91
Monthly Down Target 2 167.30

Targets of ₹246.94 can be expected to be reached in the coming month. Once HUDCO achieved this target, we can aim for the next upside target of ₹257.35.

HUDCO if fails to hold upside, down targets of ₹192.91 and ₹167.30 can be achieved by end of this month.

For complete three weeks if HUDCO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

HUDCO is expected to reach the target of 225.48 in tomorrow's trading session.

After achieving the initial target in HUDCO, we will aim for higher targets of 232.44 tomorrow.

However, if HUDCO starts to trade below ₹221.24, then we will shift our focus to the sell side and aim for down targets of 214.28 and 210.04.