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Housing & Urban Development Corporation Limited has broken the rising trend up in the medium long term, which indicates an even stronger rising rate. The price has also broken a resistance level in the short term and given a positive signal for the short-term trading range.
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There is no resistance in the price chart
and further rise is indicated. In case of a
negative reaction, the stock has support at
approximately 58.00 rupee. Volume has
previously been high at price tops and low at
price bottoms. Volume balance is also
positive, which strengthens the trend. RSI
diverges negatively against the price, which
indicates danger of a reaction downwards.
The stock is overall assessed as technically
positive for the medium long term.
