HUDCO in a parabolic move

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HUDCO has come up with good quarterly results. Net profit has gone up by 90%. Company gives dividend yield of 6.67%. Encouraged by the results share price has picked up momentum.

It's on the verge of clearing the congestion above 46.55. Target would be 64, 89. Keep stop below 39.30.
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Disclaimer: This is not a recommendation to buy or sell. For educational purpose only.
Chart PatternsTrend Analysis

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