FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL)
Hitachi Energy India Limited
POWERINDIA(formerly known as ABB Power Products and Systems India Limited) is the Indian arm of Hitachi Energy - a global leader in power technologies, providing the most comprehensive grid portfolio across the entire value chain. Now coming to price action analysis of this stock.
1. Stock has been moving in a broadening channel since its inception.
2. Price was taking resistance from the top end of the channel and now price has finally broken it and is re-testing the buying pressure.
3. Chart seems bullish on daily chart also.
Buy : 3300 ; SL : 3000 (Swing traders)/ 2450(Investors) ; TGT 1 : 3850 ; TGT 2 : 5000
Wishing you a Peaceful Trading
- Gursahaj Singh
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
Hitachi Energy India Limited
POWERINDIA(formerly known as ABB Power Products and Systems India Limited) is the Indian arm of Hitachi Energy - a global leader in power technologies, providing the most comprehensive grid portfolio across the entire value chain. Now coming to price action analysis of this stock.1. Stock has been moving in a broadening channel since its inception.
2. Price was taking resistance from the top end of the channel and now price has finally broken it and is re-testing the buying pressure.
3. Chart seems bullish on daily chart also.
Buy : 3300 ; SL : 3000 (Swing traders)/ 2450(Investors) ; TGT 1 : 3850 ; TGT 2 : 5000
Wishing you a Peaceful Trading
- Gursahaj Singh
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
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