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.
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.
Trade active
All the resistance broken, getting ready for new highsTrade active
Powerful Power India crossed 5000...stay tunedNote
All the resistance broken and made a new high of 5260
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Regards
SuperChartz
telegram.me/SuperChartz
Instagram.com/SuperChartz
facebook.com/SuperChartz
twitter.com/SuperChartz
youtube.com/@SuperChart
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SuperChartz
telegram.me/SuperChartz
Instagram.com/SuperChartz
facebook.com/SuperChartz
twitter.com/SuperChartz
youtube.com/@SuperChart
Get TradingView Premium 👇
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.