#HITECH Time frame: Daily Buy price: 139 Target: 170 Pattern : Round bottom
stock : hitechpipes trade : long (cash segment) buy @ 143 above sl @ 131 target @ 170 note : this information in only for education
HITECH PIPES is making ascending channel pattern since Sept 2023 at Daily chart, making HH & HL. Made Inside Bar Candle on 13-14mar, Hammer Candle at Daily chart on 15mar. For my learning and digital records purpose!
📊 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,...
Technical Analysis: HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes. Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating potential continuation of the uptrend. The retest of the breakout level occurred with declining volume, suggesting weakening selling pressure. Today's price action...
Hello, In this video I have explained the possible movement in Hitech Pipes & we expect the bullishness in upcoming days also !
The chart is self explanatory and key point highlighted below: ✔ Channel breakout and price retrenched to fib 50% ✔ Descending triangle consolidation and further breakout ✔ Defended psychological level of Rs 100 ✔ Volume breakout after price correction ✔ Above key moving average of 20, 50, 200 .. ✔ Stop loss & target mentioned in chart Thanks Disclaimer:...
Hi-Tech Pipes Ltd Small cap share ,so very risky one ............ DIIS increased their shareholding in Jan 2024, can see the data in the link given... forming Bull Pennant Pattern....... Wait for the breakout and trade ,trade as per your risk apatite.........
#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...
#HiTech Pipes ✍️It is in the business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products & distribution. ✍️Market Cap₹ 1,538 Cr. ROCE 14.9% InstHold 4.92% ✍️Growth 3 Years :- Sales 24.4% PAT 34.5% ✍️Revesal with Volume #stocks
The stock is attempting to come out of a tight price volume action on the back of a previous good upmove. Let's see whether it gives a follow through confirmation from here on.
#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 &...
It in business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products. -Market Cap₹ 1,359 Cr. ROCE 14.6 % -Growth YOY Revenue 24% PAT 79% -InstHold 5.78% -Breakout with 429% Relative Volume
I daily make educational content videos for swing / positional trading.
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion...
This script starts travels from the monthly and weekly support in the uptrend channel. The target is 98. MF DII DII holding company
Volumes are rising in hitech, keep this in your radar above 86
HI-TECH | SWING TRADE | BULLISH MOMENTUM 1) Triangle Pattern 2) EMA Crossover 3) Volume breakout