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Stock analysis Hitech Corporation Limited HITECHCORP

More indepth analysis on MunafaSutra.com

Moving Averages for Hitech Corporation Limited

  • 5Day Average: 229.04
  • 12Day Average: 225.31
  • 20Day Average: 220.91
  • 50Day Average: 217.56
  • 100Day Average: 235.91
  • 150Day Average: 244.62
  • 200Day Average: 231.26

HITECHCORP Indicators & signals

Indicator MACD (12,26,9)

225.43, 221.32, 3.37
Indicator MACD is in positive zone

Indicator ADX (14)

1.95, 22.52, 21.66
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HITECHCORP Hitech Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 219.90 218.10 to 229.15 -1.9% 0.3 times
02 Thu May 2024 224.15 222.10 to 242.00 -4.25% 0.52 times
30 Tue Apr 2024 234.10 233.90 to 238.50 -0.36% 0.26 times
29 Mon Apr 2024 234.95 232.80 to 238.20 1.23% 0.2 times
26 Fri Apr 2024 232.10 231.50 to 240.90 -2.6% 0.38 times
25 Thu Apr 2024 238.30 234.10 to 240.00 0.29% 0.45 times
24 Wed Apr 2024 237.60 237.00 to 249.10 -1.74% 1.15 times
23 Tue Apr 2024 241.80 229.00 to 242.75 5.94% 3.99 times
22 Mon Apr 2024 228.25 204.00 to 232.05 10.99% 2.51 times
19 Fri Apr 2024 205.65 198.10 to 207.40 2.08% 0.33 times
18 Thu Apr 2024 201.45 199.00 to 210.95 -1.97% 0.22 times
16 Tue Apr 2024 205.50 198.80 to 213.70 2.42% 0.51 times

Technical analysis forecast for Hitech Corporation Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Hitech Corporation Limited HITECHCORP at this time. Stock is falling and might fall more.

It appears as if Hitech Corporation Limited HITECHCORP gave a large move recently.

Stock of Hitech Corporation Limited (HITECHCORP) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Hitech Corporation Limited is bearish for shortterm, and stock might move down till 210 or till 195. Use a stoploss of 222.45 and if the stock hits stoploss, then it can shoot up till 234.93

More indepth analysis on MunafaSutra.com