InfinityCapital

Maybe a Climax Top in Hikal

Short
NSE:HIKAL   HIKAL LTD
Hikal Ltd fell 25% on Sep 18 on 10000% volume more than Average Monthly Volume . Generally, such moves are climax top in stock. The stock may drift sideways for months before witnessing a huge fall after the climax top, It pays to be cautious in such scenarios.
Comment: Down 40%

Comments

Good one bro. What could be the downward range for accumulation and bottom fishing
Reply
@LokeshGLC, Depends on how the earnings are shaping up. my style of trading is buying stocks near highs. I'm not a bottom picker
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LokeshGLC InfinityCapital
@InfinityCapital, How is Hikal looking technically now. Entire pharma sector looks strong. Hikal recovered well from bottom. What's your view on it
Reply
@LokeshGLC, Technically looks weak. i like ajanta pharma, suven pharma, granules, cipla, cadila, and a few other names. i have a position in these stocks
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