HUDCO remains stuck in a consolidation range around its breakout zone of 58. This can happen for a few trading sessions or a few weeks after breakout from a major resistance. If and when it starts clearing and trading above key resistances of 60-62, upmove can resume. Till then it needs patient nurturing. Possible upside target can be in range of 90, which was a major previous top of the current rounding bottom formation.
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