Weekly Analysis Index and Stocks. Found Unique stocks for InvestFound Few Unique stocks and Bees that will generate good momentum (rocket):
🔹#Hi-Tech Pipes
🔹#Astramicrowave
🔹#AsterDM
🔹#Monte Carlo Fashions
🔹#EicherMotor
🔹#Paragmilk
🔹#PSUBankbees
🔹#Silverbees
🔹#MahaBank
Sole purpose of doing it was to instill a belief that money can be made with patience to wait for the right setups and the discipline of executing them without fear
Hitechpipes
Hi-Tech Pipes - Go LongHi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
Product Line
The company offers products under 12 brands, including Alshakti, Organic, Shakti, Casewell, Flatmax, Firefighter, Bahubali, Pre-Gal, GC Sheet, Pillar, ColorStar, and Crashguard.
Clientele
The company serves major clients including TATA, GAIL, Adani, Reliance, DLF, Airtel, Indian Oil, NCC, NTPC, PDIL, Afcons, SAIL, etc. It has contributed to key projects, including the Surat Diamond Bourse, the Narendra Modi Stadium in Ahmedabad, the High-Speed Bullet Train, the National Expressway, the Jal Jeevan Mission, and more.
Focus
The company is expecting a 20% volume growth in FY26.
HITECH : will HIT or MISS?Hi-Tech Pipes (HITECH)
Elliott Wave Structure: The chart suggests Wave 1 to Wave 4 is complete. Wave 5 is expected to resume the primary uptrend.
Demand Zone for Wave 4: ₹147-151 aligns with corrective Wave C. This area should attract strong buying.
Stop Loss Placement: Below ₹141, invalidating the Wave 4 demand zone.
Trade Plan:
Entry: Initial entry at CMP (₹166.44). Add positions between ₹147-151 if prices dip.
Target: Wave 5 target at ₹217-225, based on Fibonacci extensions.
Stop Loss: Set at ₹141 to minimize risk.
Risk-Reward:
Risk (₹141): ₹25 below CMP (₹166).
Reward (₹217): ₹51 above CMP.
R/R Ratio: 1:2 – suitable for medium-term trades.
Educational Tip: Confirm Elliott Wave patterns with low volume in Wave 4 and high volume in impulsive waves like Wave 5.
Hi-Tech Pipes breaks out with high volumeHi-Tech Pipes Ltd is a leading manufacturer and supplier of ERW (Electric Resistance Welding) Pipes. The company specialize in Steel Pipes and Tubes for a variety of industries, such as Infrastructure, Telecommunications, Defence, Railroads and many more.
Hi-Tech Pipes CMP is 80.50, The Negative aspects of the company are declining annual net profits, declining cash from operations annual and promoter holding decreasing. The Positive aspects of the company is low debt.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Entry after closing above 80.75. Targets in the stock will be 84.90 and 88.60. Long term targets in the stock will be 95 and 99.15. Stop loss in the stock should be maintained at closing below 72.80.