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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