HITECH PIPES LTD. is gearing up for Breakout.
Diupdate
Stock is accumulating in Symmetrical Triangular pattern in a daily time frame. After consolidation period of 9 months stock has firmed strong upward move with good volume and more likely to break its resistance. If we see RSI, it's also indicating a big momentum is on the way. We will wait till its trend line is broken, if it does and sustains above the Line that would be a trigger.
BUY- 78.30
target- 88
Stoploss- 74.20
Caution
This is a SmallCap company, that makes it more volatile, So do respect StopLoss. You can add it to your Watch List to understand price further.
What do you think, do let me know in comment section.
BUY- 78.30
target- 88
Stoploss- 74.20
Caution
This is a SmallCap company, that makes it more volatile, So do respect StopLoss. You can add it to your Watch List to understand price further.
What do you think, do let me know in comment section.
Trade aktif
10 days ago, I shared a stock analysis. I mentioned that it had the potential for a positive upward movement with strong momentum. Despite some rejections, today the stock made a significant candle above the trend line, indicating a clear breakout.
I am also in this trade with the specified target and stop loss that I mentioned earlier.
Do prepare your own setups.
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