HITECH stock bullish analysis

11 сент. 2023 г.

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

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