PowerIndia is ready for a PowerFul BO #SuperChartz

2023年11月22日

Key levels:

Support:4650

Resistance:4800 4850

Description:
Technicals:
The stock exhibits a historical support level at 4650, indicating a point where buying interest has traditionally emerged.
Notably, the stock has been consolidating, suggesting a period of price stability. This consolidation phase may set the stage for a potential breakout.
Resistance levels at 4800 and 4850 are key points to watch. If the stock successfully breaks above these levels, it could signal a bullish breakout from consolidation.
In the event of a breakout, technical analysis suggests a potential projection for new highs. Traders and investors may anticipate a bullish trend continuation, with the next significant price targets being projected highs beyond the previous levels of resistance.

Fundamental:
Hitachi Energy International is a leading provider of grid connections and power quality solutions with a global presence and an installed base of over 10,000 projects.
The company demonstrates a commitment to sustainable practices, with over 800 projects integrating renewable energy sources into the grid. Additionally, it holds a 75% stake in Hitachi Energy India.
From a financial perspective, there has been a substantial improvement in performance. The previous quarterly earnings per share (EPS) was 0.57, indicating recent positive growth. The current quarter's EPS has surged to an impressive 5.85, reflecting a significant boost in earnings.

2023年11月23日

交易進行

All the resistance broken, getting ready for new highs

2023年12月13日

交易進行

Powerful Power India crossed 5000...stay tuned

2023年12月21日

註釋

All the resistance broken and made a new high of 5260