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SwingtradesbyAbhishek

BIKAJI - Ready for the next swing

Long
BIKAJI FOODS INTERN LTD (NSE:BIKAJI)  
SwingtradesbyAbhishek  
NSE:BIKAJI   BIKAJI FOODS INTERN LTD
Trend Analysis Chart Patterns Wave Analysis BIKAJI weeklyanalysis parallelchannels swing swingtrading priceaction Bullish Patterns buyopportunity
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trendanalysis chartpattern waveanalysis bikaji weeklyanalysis parallelchannels swing swingtrading priceaction bullish buyopportunity
BIKAJI is poised for its next upward move, presenting a potential upside of approximately 23%. The stock has maintained a trading channel for the past 2 years. This is an opportune moment to consider entry due to the following factors:

1. The Risk:Reward ratio appears favorable, with a stop loss (SL) potential below the channel.
2. Last week's candle exhibits a bullish hammer pattern, commonly indicating a reversal.
3. Very consistent fundamental numbers.
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