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Stock analysis Hi-Tech Gears Limited HITECHGEAR

More indepth analysis on MunafaSutra.com

Moving Averages for Hi-Tech Gears Limited

  • 5Day Average: 997.56
  • 12Day Average: 1010.61
  • 20Day Average: 984.7
  • 50Day Average: 931.11
  • 100Day Average: 706.75
  • 150Day Average: 621.78
  • 200Day Average: 562.32

HITECHGEAR Indicators & signals

Indicator MACD (12,26,9)

994.4, 973.55, 31.73
Indicator MACD is in positive zone

Indicator ADX (14)

7.49, 19.56, 22.73
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HITECHGEAR Hi-Tech Gears Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Tue Sep 2024 931.55 928.90 to 990.00 -4.66% 1.16 times
02 Mon Sep 2024 977.05 973.65 to 1039.50 -4.67% 0.97 times
30 Fri Aug 2024 1024.90 995.30 to 1035.00 -0.22% 0.48 times
29 Thu Aug 2024 1027.15 1012.55 to 1055.85 0% 1.07 times
29 Thu Aug 2024 1027.15 1012.55 to 1055.85 0% 1.07 times
29 Thu Aug 2024 1027.15 1012.55 to 1055.85 -1.52% 1.07 times
28 Wed Aug 2024 1043.00 1020.00 to 1065.00 1.36% 1.21 times
27 Tue Aug 2024 1029.00 1008.05 to 1038.40 1.61% 0.84 times
26 Mon Aug 2024 1012.65 990.10 to 1039.90 -0.9% 0.82 times
23 Fri Aug 2024 1021.85 1012.00 to 1044.90 0.3% 0.62 times
22 Thu Aug 2024 1018.75 1011.00 to 1036.45 3.21% 1.85 times
21 Wed Aug 2024 987.10 987.10 to 987.10 0% 0.45 times

Technical analysis forecast for Hi-Tech Gears 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 Hi-Tech Gears Limited HITECHGEAR at this time. Stock is falling and might fall more.

It appears as if Hi-Tech Gears Limited HITECHGEAR gave a large move recently.

Stock of Hi-Tech Gears Limited (HITECHGEAR) 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 Hi-Tech Gears Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Hi-Tech Gears Limited stays below 945, but if it comes above 945, then a intra day buy could be more profitable.
If you take a sell trade below 945, then use 945 as stoploss and 895.8 as target. However if you take a buy trade in Hi-Tech Gears Limited, then use 945 as stoploss and 985.94 as target.

More indepth analysis on MunafaSutra.com