HUDCO Bullish; above 96 on Wednesday 13 Dec.

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The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

INTRADAY Trading Strategy:

1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage

Stop Loss: @ "Open" price of the day OR "Breakoutprice"

This do not constitute, financial, investment, trading, or other types of advice or recommendation.
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Triggered 96
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98 now.. up 2% already
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Great momentum crossed 99 Rs ... 3 Rs (over 3% intraday now)
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Yesterday's high is around 99.. Further momentum expected only on crossing it
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99.30 taken out convincingly... looks good for more if it stays above 99.30 Rs
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got rejected on intraday basis... however, good intraday gain of around 3.5% in a dull broader market
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From Trigger price of 96 Rs to High of 100.5 (4.5 Rs)
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114 Rs now...19% in 2 days!!!
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Interesting!! 20% upper circuit hit today... On reopening closed at 112
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134... Up over 18% today
Chart PatternsTrend Analysis

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