Hitachi home & life solutions (india) ltd

I was tracking Hitachi for last 1 month. This my analysis. As per my analysis, Hitachi did a breakout.

Hitachi did a break out @ 1400 with high volume

Stock is trading above,
1. Above Bearish Resistance Line with high volume in P&F chart.
2. Above upper Bollinger band.
3. CCI and RSI is in oversold region.
4. Did a trend-line breakout in daily candle stick chart.
5. Closed above 50 DMA.
6. Stock is trading above 20 DMA, 50 DMA and 200 DMA.



And Hitachi is expected to deliver a good quarterly results.

Please give your views and advice on this.

P.S - I learned this analysis from stockie.in

Thanks,
Midhun

This stock has gone too high too soon since last year. No fresh long term buying is there. Check the indicators. Breakout if happens may just serve the smart investors to sell.

Thanks for the info.