HUDCO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s your detailed technical map for HUDCO, decoding momentum dynamics, price zones, and potential setups

📉 Trend Landscape

Current Price (₹216) is below both 50-DMA (₹228) and 200-DMA (₹222), showing weakness.

Price slipped considerably from the high of ₹322, suggesting a pullback phase, with potential bottoming near ₹210–₹215.

📌 Trend Status: Reversing with tentative stabilization signals near support.

🧭 Momentum Indicators

RSI (34.0): Borderline oversold—weak but not yet signaling strong reversal.

MACD (-3.69): Negative and widening → momentum still favoring downside.

Volume: Slightly lower than average (22.8L vs 30.1L) → lack of conviction from buyers.

🔍 Implication: Momentum is fading, but bears aren’t fully in control either—a watch zone.

📊 Moving Averages

Current price is below both major DMAs

50-DMA (₹228) = immediate overhead resistance

200-DMA (₹222) = pivot point; breaching it could trigger trend reversal

⛅ Watch for crossovers or volume bursts near ₹222–₹228 range.

📐 Bollinger Bands

Likely trading near lower band, pointing to continuation of weakness or a potential technical bounce.

No sign of band contraction yet, so breakout setup not confirmed.

🔎 Support & Resistance Zones

Type Zone (₹) Insights

Immediate Support 210–215 Bounce candidates based on recent pivots

Resistance 222–228 200-DMA & 50-DMA convergence = tough ceiling

Breakout Zone 235+ Requires strong volume and MACD crossover

🎯 Trade Strategy

Entry: ₹212–₹216 (risk-managed accumulation near support)

Exit: ₹227–₹232 (test zone with trendline resistance)

Stop Loss: ₹208 (just under psychological pivot)

🧠 Conclusion

HUDCO shows early signs of reversal, but confirmation is pending.

Ideal for short-term tactical plays on technical bounce.

More clarity needed from RSI/MACD convergence and volume pickup for longer hold.

If you'd like, I can break down how HUDCO stacks up against similar government-linked infrastructure plays or even sketch a sector sentiment heatmap. Let’s keep the charts humming 📈🛠️

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