Hi-Tech Gears Limited
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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.
HITECHGEARS is ready to GO🚀There is a one more stock Which is showing a great opportunity and forming, stock is near Resistance and ready to go if see a good breakout with good volume. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
The Hi-tech Gears Limited - Breakout Setup, Move is ON...#HITECHGEAR trading above Resistance of 936
Next Resistance is at 1475
Support is at 602
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.
The Hi-tech Gears Limited - Breakout Setup, Move is ON...#HITECHGEAR trading above Resistance of 602
Next Resistance is at 936
Support is at 424
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.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in HITECHGEAR
BUY TODAY SELL TOMORROW for 5%
HITECHGEAR - keep an eye out for BO above 510NSE:HITECHGEAR
cmp 450
watchout for BO above 510. it will head for ATH and beyond
gave BO for the first time on June 23 at 295. It achieved a high of 427 giving gains of 44%
then gave BO for the second time on Nov 23 at 420 and made high of 518.80 giving 23% gains
Watch for BO above 510 going forward, as this will take it to the ATH and beyond
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Ready to blast!💣Stock of the week award goes to Hi-tech gears!🚀
Symmetrical triangle and inverse head and shoulder breakout with volume bar in the stock. I think it is ready to blast!🔥
CMP: 321
Good Range: 275 to 320
Targets: 365, 390, 490, 570
SL: 250 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
YR 2022 Idea #149: Long on HITECHGEARThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
HI TECH GEAR : BULLISH VIEWNice Chart pattern - Good for Positional Basis
TGT - 340 & 400+
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis






















