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HITACHI HOME – TECHNICAL CHART STUDY

HITACHI

buy HITACHIHOM above 173 sl 165 target 180-188

technical study

as we can see on chart that, stock was in falling channel for past 4 month, then it has taken support on trendline, and recently able to come out from this falling channel.

look at the development of rsi, it has just touch the overbought region and there it has given a “BULLISH NEGATIVE DIVERGENCE” signal at top.

so if price able to travel above recent high level then we can see good up move in stock.

 

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