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HI-TECH PIPES LIMITED

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HITECH trade ideas

HITECH PIPES COMPLETING A W??? ARE WE MISSING A GOOD 30-40 POINTA double bottom pattern is a bullish reversal chart pattern that signals a potential shift from a downtrend to an uptrend. It forms when a stock's price hits a support level twice, creating a "W" shape, and suggests that the stock may rally after breaking the resistance level. Hi-Tech Pipes has demonstrated notable financial performance and strategic initiatives recently: Q2 FY25 Results: The company reported a 72% increase in consolidated net profit, reaching ₹18.11 crore, despite a 5.3% decline in total income to ₹706.86 crore. This profit surge was primarily due to reduced expenses and a 22.5% rise in sales volumes to 1.23 lakh tonnes. Order Acquisition: In August 2024, Hi-Tech Pipes secured a ₹105 crore order from the renewable energy sector for supplying ERW steel pipes, indicating a strong market position and demand for its products. Fundraising Efforts: The company initiated a Qualified Institutional Placement (QIP) in October 2024, setting a floor price of ₹194.98 per share, aiming to raise up to ₹600 crore. These funds are intended to double its manufacturing capacity to 2 million tonnes per annum over the next 3-4 years, reflecting a commitment to growth and expansion. Analyst Perspective: Brokerage firm Sharekhan has initiated a 'BUY' rating on Hi-Tech Pipes, citing expectations of a 25% upside. The company is anticipated to benefit from the expected bottoming out of steel prices and has an early-mover advantage in supplying specialized steel pipes for renewable energy projects
NSE:HITECHLong
by djneshit
HITECH : will HIT or MISS?Hi-Tech Pipes (HITECH) Elliott Wave Structure: The chart suggests Wave 1 to Wave 4 is complete. Wave 5 is expected to resume the primary uptrend. Demand Zone for Wave 4: ₹147-151 aligns with corrective Wave C. This area should attract strong buying. Stop Loss Placement: Below ₹141, invalidating the Wave 4 demand zone. Trade Plan: Entry: Initial entry at CMP (₹166.44). Add positions between ₹147-151 if prices dip. Target: Wave 5 target at ₹217-225, based on Fibonacci extensions. Stop Loss: Set at ₹141 to minimize risk. Risk-Reward: Risk (₹141): ₹25 below CMP (₹166). Reward (₹217): ₹51 above CMP. R/R Ratio: 1:2 – suitable for medium-term trades. Educational Tip: Confirm Elliott Wave patterns with low volume in Wave 4 and high volume in impulsive waves like Wave 5.
NSE:HITECHLong
by LiveTradingBox
HI-TECH PIPES LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:HITECH
by zenthosh
Technical Analysis of Hi-Tech Pipes Ltd (HITECH)Technical Analysis of Hi-Tech Pipes Ltd (HITECH) Overall Trend and Support/Resistance Levels - The chart indicates a bullish trend for Hi-Tech Pipes Ltd (HITECH) stock. The price has been consistently above the 200-day EMA (Exponential Moving Average), which is a strong bullish signal. Support Levels: S1 at 161.48: The 200-day EMA acts as a significant support level. S2 at 147.80: Another potential support level is the 0.382 Fibonacci retracement level. Resistance Levels: R1 at 210.41: The 1.00 Fibonacci extension level is a key resistance. R2 at 240.00: The chart's high might act as a short-term resistance. Indicators and Patterns Fibonacci Retracements: The 0.382, 0.50, and 0.618 Fibonacci retracement levels are drawn on the chart, providing potential support and resistance areas. EMA (200, high): As mentioned earlier, the 200-day EMA is a strong bullish indicator. Ascending Triangle Pattern: There might be a potential ascending triangle pattern forming, which is often considered bullish. However, more data points are needed to confirm this pattern. Potential Outlook and my Personal Opinion - Based on the current analysis, HITECH stock appears to be in an uptrend. If the price can break above the 210.41 resistance level, it could signal further upside potential. However, a breakdown below the 200-day EMA would be a bearish sign. Key Considerations: Fundamental Analysis: While this analysis focuses on technical indicators, fundamental factors such as company earnings, industry trends, and economic conditions should also be considered. Risk Management: Always practice proper risk management techniques, such as setting stop-loss orders and diversifying your portfolio. Remember: The stock market can be volatile, and past performance does not guarantee future results. It's essential to conduct thorough research and consider your individual financial goals and risk tolerance before making any investment decisions.   Disclaimer: This analysis is based solely on the technical analysis of the chart and does not constitute financial advice. Always consult with a financial advisor before making investment decisions and do your own research before buying this stock because I am not SEBI registered person to suggest anyone about buying/selling of stocks. This is my personal opinion based on technical analysis and also only for education purposes. Thanks for your support as always
NSE:HITECHLong
by ForexTrader4all
HITECH range + trendline breakoutNSE:HITECH BSE:HITECH Time Frame – Weekly Observations : - *Trendline Breakout with High volume *Range breakout with High volume *Trading in rising wedge pattern *Good consolidation seen between 71 to 86 range Resistance – 98.60 / 120 / 151 / 171 Support – 70 - 77 zone DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:HITECHLong
by Chart_World
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 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
NSE:HITECHLong
by finnova_
Hi-Tech Pipes breaks out with high volumeHi-Tech Pipes Ltd is a leading manufacturer and supplier of ERW (Electric Resistance Welding) Pipes. The company specialize in Steel Pipes and Tubes for a variety of industries, such as Infrastructure, Telecommunications, Defence, Railroads and many more. Hi-Tech Pipes CMP is 80.50, The Negative aspects of the company are declining annual net profits, declining cash from operations annual and promoter holding decreasing. The Positive aspects of the company is low debt. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Entry after closing above 80.75. Targets in the stock will be 84.90 and 88.60. Long term targets in the stock will be 95 and 99.15. Stop loss in the stock should be maintained at closing below 72.80.
NSE:HITECHLong
by Happy_Candles_Investment
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH NSE: HITECH CMP 559.30 NSE:HITECH Target 650 ++ 730 (170) SL 500 (60) Return 30%+ RR ratio 3 Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:HITECHLong
by Rachit_Sethia