HiTech Bounced once more from Support - 50% jump possible.

Another 50% move seems likely.. The Support level at 220 has been tested 7 Times and has held solid with good volume buy at that range..

Funda :
Good stock - ROCE > 14 , ROE Between 15 and 20

Tech:
EMA 50 above EMA 200
RSI below 70

Relative Strength with respect to Index improving.

Stock is trading above 200EMA and i like the current move holding a small qty for target around 320-330 SL at 210..

Good luck.

Trade closed: stop reached