HUDCO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Housing and Urban Development Corporation Ltd (HUDCO)

📊 Trend Overview

Current Phase: Trending upward with mild consolidation

Price Action: Trading above both 50-DMA (₹218) and 200-DMA (₹220), indicating bullish bias.

Volume: Current volume (23.7L) is below the 1-week average (43.0L), suggesting reduced momentum and possible consolidation.

📈 Momentum Indicators

RSI (61.0): Bullish zone — indicates strength but not yet overbought.

MACD (1.93): Positive and diverging — confirms bullish momentum.

Bollinger Bands: Price likely near upper band, suggesting strength with potential for short-term pause or pullback.

🧭 Chart Patterns

Ascending Triangle Formation: Price action shows higher lows converging toward a horizontal resistance near ₹230–₹235 — bullish continuation setup.

Trendline Support: Rising trendline from ₹159 lows remains intact, supporting the current structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 218 50-DMA, short-term base

Support 2 205 Previous swing low

Support 3 190 Long-term support zone

Resistance 1 230 Minor resistance zone

Resistance 2 245 Pre-high congestion zone

Major Resistance 264 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹218–₹223 (on dips with volume confirmation)

Short-Term Target: ₹230–₹245

Exit Zone / Stop-Loss: ₹205 (below swing support)

🔄 Short-Term Outlook

Momentum: Positive but cooling

Bias: Bullish above ₹218; cautious below ₹205

Phase: Trending with mild consolidation — no signs of reversal

🧠 Key Takeaways

HUDCO is in a steady uptrend supported by bullish indicators and a strong base near ₹218.

RSI and MACD confirm momentum, while volume suggests a pause before potential breakout.

A decisive close above ₹230 with volume could push toward ₹245–₹264.

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