Hi-Tech Gears Limited
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In-depth trading ideas
Is there Long opportunity in High Tech Gear?This scrip had broke the major resistance on the month on June and those who had missed that breakout can now be able to enter this scrip again. Today this scrip had a strong close near the resistance, so wait for another day to confirm the signal.
If this scrip shows bullish momentum you can long this scrip, may have SL just below the resistance and Target of All Time High.
FY21-22 Swing Trade Idea #56: Long on HITECHGEARThis is a public swing trade idea (other private ideas accessible through website) 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 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.
The Hi-Tech GearsBullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.






















