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Hitech

HITECH : will HIT or MISS?Hi-Tech Pipes (HITECH) Elliott Wave Structure: The chart suggests Wave 1 to Wave 4 is complete. Wave 5 is expected to resume the primary uptrend. Demand Zone for Wave 4: ₹147-151 aligns with corrective Wave C. This area should attract strong buying. Stop Loss Placement: Below ₹141, invalidating the Wave 4 demand zone. Trade Plan: Entry: Initial entry at CMP (₹166.44). Add positions between ₹147-151 if prices dip. Target: Wave 5 target at ₹217-225, based on Fibonacci extensions. Stop Loss: Set at ₹141 to minimize risk. Risk-Reward: Risk (₹141): ₹25 below CMP (₹166). Reward (₹217): ₹51 above CMP. R/R Ratio: 1:2 – suitable for medium-term trades. Educational Tip: Confirm Elliott Wave patterns with low volume in Wave 4 and high volume in impulsive waves like Wave 5.
NSE:HITECHLong
by LiveTradingBox
Hi-Tech Pipes breaks out with high volumeHi-Tech Pipes Ltd is a leading manufacturer and supplier of ERW (Electric Resistance Welding) Pipes. The company specialize in Steel Pipes and Tubes for a variety of industries, such as Infrastructure, Telecommunications, Defence, Railroads and many more. Hi-Tech Pipes CMP is 80.50, The Negative aspects of the company are declining annual net profits, declining cash from operations annual and promoter holding decreasing. The Positive aspects of the company is low debt. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Entry after closing above 80.75. Targets in the stock will be 84.90 and 88.60. Long term targets in the stock will be 95 and 99.15. Stop loss in the stock should be maintained at closing below 72.80.
NSE:HITECHLong
by Happy_Candles_Investment
Mad Breakout to $65? Subtle Climb to $60? Quiet Retrace to $53?Oh Novanta. So many possibilities for such a great company. Please forgive the maddening amount of clustered lines. The primary trend line is massive and seemingly unstoppable for a reason. Even though it's gone parabolic, its story is rock solid and almost sexy with everything they have a hand in. As a leader in medical and advanced, industrial markets, Novanta went through a period of optimization several years ago, is currently in organic growth mode and is accelerating its scale from now until 2020 in order to DOUBLE their annual revenue. Oh, and as of their last public statement, they're still on track to do so. Quality products, leadership and personnel (over 375 engineers), coupled with proprietary technologies and over 400 patents, Novanta maintains a stoic and disciplined M&A schedule in order to maintain its edge and continue to innovate by divesting around 9% of revenue in R&D. The crossover between their sectors is astounding. Organic growth, momentum, acquisitions, a great M&A pipeline and leadership positions across key medical and industrial markets are providing, as Matthijs Glastra said, "...a solid foundation for sustainable, profitable growth." If you want a laser, robotics and high level medical play, this is it. Hold Novanta long term. Short term, if you're looking to just trade and not invest, there's been some massive momentum up from the previously, consistent levels held all of April. Based on how the stock has bounced off its bottom trend line, it was a good period of accumulation leading up to another spurt of gains towards the $58+ level. If it should shoot past this and hit what could easily be $65 (based off the previous $15+ jumps) sell immediately, because everyone else obviously did, twice. A retrace back to $53 off this momentum isn't bad and will surely hold or prep for the bounce back up to the $60 range outlined above.
NASDAQ:NOVTLong
by N3utra