Stock Name - Hi-Tech Pipes Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 767
#This is not Buy and Sell recommendation to any one. This is for education...
Chart -> Hi Tech Pipes Daily
The stock was consolidating for a long time and today gave a breakout with a volume blast. Since it is near an all-time high, targets are calculated through fibo.
CMP: 717
Targets: 315, 350
Good range: Around 670
SL: 640
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI...
NSE:HITECH
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take...
NSE:HITECHCORP Has broken out of its first major accumulation zone after an uptrend of 300%+ and has ventured into virgin territory. Volumes are in the favor of the bulls.
Stock is currently facing rejection at an old resistance trend line (zoom out to see) and is retracing from the break.
Look to buy and hold for big money after it sustains 330-350...
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
