HITECHCORP trade ideas
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
HITECHCORP1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
HiTech Bounced once more from Support - 50% jump possible.Another 50% move seems likely.. The Support level at 220 has been tested 7 Times and has held solid with good volume buy at that range..
Funda :
Good stock - ROCE > 14 , ROE Between 15 and 20
Tech:
EMA 50 above EMA 200
RSI below 70
Relative Strength with respect to Index improving.
Stock is trading above 200EMA and i like the current move holding a small qty for target around 320-330 SL at 210..
Good luck.