HUDCO – Inverse Head & Shoulders Breakout Setup!

📊 Technical View The chart clearly shows a classic Inverse Head & Shoulders formation, with neckline resistance around ₹253.70. Once this neckline is broken decisively, the stock may open the way toward ₹270+ levels in the short term. Elliott Wave count suggests that HUDCO is likely entering a fresh impulsive wave after completing a corrective structure. Volumes are gradually improving on up-moves, signaling stronger participation. The MACD is turning bullish, supporting momentum buildup. AVWAP from previous highs is acting as an intermediate resistance, but a clean breakout above neckline will flip it into strong support. 📈 Fundamental View HUDCO maintains strong fundamentals with robust ROCE and ROE, aided by steady housing & infrastructure financing demand. Consistent profit growth over recent quarters underlines business stability. The company benefits from government-backed projects and stable credit profile, making it a solid bet for medium to long-term investors. ✅ Conclusion: HUDCO is showing a powerful technical reversal + strong fundamentals setup. A breakout above ₹253–255 on volumes can trigger a sharp rally, while ₹210 remains a strong support zone.