PowerIndia is ready for a PowerFul BO #SuperChartz

Key levels:

Support:4650

Resistance:4800 4850

Description:
Technicals:
The stock exhibits a historical support level at 4650, indicating a point where buying interest has traditionally emerged.
Notably, the stock has been consolidating, suggesting a period of price stability. This consolidation phase may set the stage for a potential breakout.
Resistance levels at 4800 and 4850 are key points to watch. If the stock successfully breaks above these levels, it could signal a bullish breakout from consolidation.
In the event of a breakout, technical analysis suggests a potential projection for new highs. Traders and investors may anticipate a bullish trend continuation, with the next significant price targets being projected highs beyond the previous levels of resistance.

Fundamental:
Hitachi Energy International is a leading provider of grid connections and power quality solutions with a global presence and an installed base of over 10,000 projects.
The company demonstrates a commitment to sustainable practices, with over 800 projects integrating renewable energy sources into the grid. Additionally, it holds a 75% stake in Hitachi Energy India.
From a financial perspective, there has been a substantial improvement in performance. The previous quarterly earnings per share (EPS) was 0.57, indicating recent positive growth. The current quarter's EPS has surged to an impressive 5.85, reflecting a significant boost in earnings.

Trade active:

All the resistance broken, getting ready for new highs

Trade active:

Powerful Power India crossed 5000...stay tuned

Comment:

All the resistance broken and made a new high of 5260