The stock of HUDCO (Housing and Urban Development Corporation) has been rallying for the past few sessions.
It rebounded from the support at ₹205, which has been holding well since April. Also, the price is now above the 21-day moving average. Although the price dropped on Monday, it is likely to be only a temporary dip.
The chart shows that the stock retains a positive outlook. We expect it to resume the rally soon and touch ₹250 in the short term. Traders can consider buying the stock of HUDCO now at ₹224 and accumulate if the price dips to ₹220. Place initial stop-loss at ₹214. When the price rises to ₹234, raise the stop-loss to ₹224. Tighten the stop-loss further to ₹235 when the stock hits ₹242. Book profits at ₹250.
Video Credit: Businessline
Note: The recommendations are based on technical analysis. There is a risk of loss in trading.
Published on December 31, 2025
