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
Support at the VWAP.
RSI is in Bullish zone. expected to go higher.
Successful breakout after the 6 month consolidation.
High Volume trade last 2 days.
Multiple time Support at lower trendline.
Price > EMAs
Verdict: Stock is highly Bullish
Plan of Action: Buy: 83.70 Stoploss: 79 Target 98.70
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