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Hitech

Hi-Tech Pipes: Double Bottom Reversal & Strong Support Zone "Hi-Tech Pipes: Double Bottom Reversal – Strong Support Zone for Upside Move" Stock: Hi-Tech Pipes Ltd. Analysis: Hi-Tech Pipes has corrected from its recent highs but is now showing clear signs of reversal. The stock has formed a double bottom pattern, indicating potential upside from the current levels. Backed by increasing institutional interest and strong financials, the stock is poised for upward movement. Key Highlights: Promoter Activity: Promoters unpledged 0.12% shares, reducing pledged shares to 2.57% of total holdings. Promoter holdings reduced from 53.95% to 50.76% in Sep 2024 quarter. Institutional Confidence: FII/FPI Holdings: Increased significantly from 1.81% to 9.31%. Institutional Investors: Overall stake increased from 13.16% to 19.36%. Technical Setup: Double Bottom Formation: Indicates a potential reversal from the current strong support zone. CMP is ₹169, offering a favorable risk-reward ratio. Financials: The company has robust fundamentals, with analysts projecting targets of ₹192 and ₹208 in the short term. RSI looks strong and in buy zone Trade Plan: Entry: Near CMP ₹169 or on confirmation of breakout above ₹175. Targets: ₹192 (short-term), ₹208 (mid-term). Stop Loss: Below ₹160 to manage risks. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:HITECHLong
by ImranulHaqueNoor
Hi-Tech Pipes Ltd - Breakout Setup, Move is ON...#HITECH trading above Resistance of 168 Next Resistance is at 219 Support is at 130 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HITECHLong
by MandeepSinghKohli
1
Hi-Tech Pipes Ltd - Long Setup, Move is ON...#HITECH trading above Resistance of 144 Next Resistance is at 168 Support is at 106.40 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HITECHLong
by MandeepSinghKohli
HI-TECH GEARSThe Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components. The product portfolio of the company comprises precision gears, shafts, transmission components, and engine components catering to two-wheelers (26%), Passenger Vehicles (43%), Commercial Vehicles, and Agri and Off-Road vehicles (31%). Geographical Split FY24 Domestic: 49% Exports: 51% The company exports to 10+ countries, including Canada, USA, Mexico, Germany, China, Japan, South Korea, etc. Clientele The customers of the company include Hero MotoCorp Ltd, JCB, Cummins, Daimler Bharat, Tata, DANA, Mahindra, Wabco, Magna, etc. New Business In FY24, the company won the new business from India and North America of Rs. 69.5 Cr vs Rs. 175 Cr in FY23. It also ventured into the Indian Passenger Car SUV segment. EV and New Technologies The company has initiated the production of gear component final assembly & counter assemble and gear drive and helical gear components in the electric vehicle space. In FY24, it won EV business from Hero Motor Corp and Dana. It is also focusing on advanced technology components like automatic transmission gear. Repayment of Debts Co. has reduced its debt from 434 Crs in FY23 to 195 Crs in FY24 (excluding Lease Liabilities) Focus The company is focusing on improving asset utilization through targeted selling of existing capacity, higher customer engagement, and cost mitigation.
NSE:HITECHGEARLong
by CannySunny
HITECH | Swing Trade📊 DETAILS Sector: Iron & Steel Mkt Cap: 2,104 cr Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india. TTM PE : 43.09 (High PE) Sector PE : 38.10 Beta : 1.35 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 7.24% away from 52 week high Outperformer - Hi-Tech Pipes up by 4.02% v/s NIFTY 50 up by 2.24% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:HITECHLong
by Munish_Jain
2
Hi Tech Pipes (weekly chart) - Short term (1-3 months)#Hitech #breakout #roundingbottom #vcppattern HITECH : Short term (1-3 Months) >> Breakout Candidate >> Rounding Bottom / VCP Pattern >> Good Volumes & Strength in Stock Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:HITECHLong
by moneyfesttrading
HITECH - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:HITECHLong
by nikunjbhadja
Swing Trade Idea #198 : Long on HITECHThis 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 anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:HITECHLong
by onerighttrade