HITECH stock bullish analysis
Hitech is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of 6 months.
it's exoected to give a nice target of R:R :: 1:4.
Reason
Verdict:
Stock is highly Bullish
Plan of Action:
Buy: 83.70
Stoploss: 79
Target 98.70
it's exoected to give a nice target of R:R :: 1:4.
Reason
- Support at the VWAP.
- RSI is in Bullish zone. expected to go higher.
- Successful breakout after the 6 month consolidation.
- High Volume trade last 2 days.
- Multiple time Support at lower trendline.
- Price > EMAs
Verdict:
Stock is highly Bullish
Plan of Action:
Buy: 83.70
Stoploss: 79
Target 98.70
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.