RSI low/high Values: [ 25 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HITECHCORP.BO
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Green day on Thursday for Hitech Corporation Limited stock after gaining 0.534%
(Updated on Mar 28, 2024)

Sell candidate since Mar 13, 2024 Gain 2.97% PDF

The Hitech Corporation Limited stock price gained 0.534% on the last trading day (Thursday, 28th Mar 2024), rising from ₹196.70 to ₹197.75. During the last trading day the stock fluctuated 5.91% from a day low at ₹192.15 to a day high of ₹203.50. The price has risen in 7 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₹414.29 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.26% during the next 3 months and, with a 90% probability hold a price between ₹136.96 and ₹164.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HITECHCORP.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 2.97%. Further rise is indicated until a new top pivot has been found. Hitech Corporation Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hitech Corporation Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹202.52 and ₹219.73. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Hitech Corporation Limited stock

Hitech Corporation Limited finds support from accumulated volume at ₹196.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹11.35 between high and low, or 5.91%. For the last week, the stock has had daily average volatility of 5.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HITECHCORP.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hitech Corporation Limited to open at ₹197.80, and during the day (based on 14 day Average True Range), to move between ₹186.74 and ₹208.76, which gives a possible trading interval of +/-₹11.01 (+/-5.57%) up or down from last closing price. If Hitech Corporation Limited takes out the full calculated possible swing range there will be an estimated 11.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹196.70 (0.53%) than the resistance at ₹205.15 (3.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hitech Corporation Limited stock A Buy?

Hitech Corporation Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.396 Sell Candidate Unchanged

Predicted Opening Price for Hitech Corporation Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹197.80 ( 0.0253%) ₹197.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HITECHCORP.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 209.15 5.76 %
R2 204.81 3.57 %
R1 202.14 2.22 %
Current price: 197.75
Support S1 193.46 -2.17 %
S2 190.79 -3.52 %
S3 186.45 -5.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 243.30 23.03 %
R2 230.00 16.31 %
R1 205.15 3.74 %
Current price 197.75
Support S1 196.70 -0.531%
S2 192.05 -2.88%
S3 0 .

FAQ

What is the symbol for Hitech Corporation Limited Stock and on which exchange is it traded?
The symbol for Hitech Corporation Limited is HITECHCORP.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Hitech Corporation Limited Stock?
Hitech Corporation Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Hitech Corporation Limited Stock?
Hitech Corporation Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hitech Corporation Limited Stock.

What's the current price of Hitech Corporation Limited Stock?
As of the end of day on the 2024-03-28, the price of an Hitech Corporation Limited (HITECHCORP.BO) share was ₹197.75.

What is the 52-week high and low for Hitech Corporation Limited Stock?
The 52-week high for Hitech Corporation Limited Stock is ₹308.85 and the 52-week low is ₹153.85.

When is the next earnings date for Hitech Corporation Limited?
The upcoming earnings date for Hitech Corporation Limited is May 15, 2024.
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