Verdict:
Stock is highly Bullish

R:R :: 1:4

Plan of Action:
Buy: 83.70
Stoploss: 79
Target 98.70

Hitech is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of 6 months.
it’s exoected to give a nice target of R:R :: 1:4.

Reason

  1. Support at the VWAP.
  2. RSI is in Bullish zone. expected to go higher.
  3. Successful breakout after the 6 month consolidation.
  4. High Volume trade last 2 days.
  5. Multiple time Support at lower trendline.
  6. Price > EMAs

Verdict:
Stock is highly Bullish

R:R :: 1:4

Plan of Action:
Buy: 83.70
Stoploss: 79
Target 98.70

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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