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
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
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