SWING IDEA - HUDCO

21 thg 9HUDCO is showing potential for a swing trade based on technical signals.

Reasons are listed below :

• 230 Zone as Strong Support: The 230 level has been a crucial support zone, providing a solid base for potential upward movement.
  
• Bullish Engulfing Candle on Daily Timeframe: A strong bullish engulfing candle indicates growing buying pressure.
  
• 0.618 Fibonacci Support: The price is bouncing off the 0.618 Fibonacci retracement level, suggesting a potential reversal.
  
• 200 EMA Support on Daily Timeframe: The stock is finding support at the 200-day EMA, reinforcing the bullish outlook.
  

Target - 280 // 310 // 345
Stoploss - daily close below 225

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