Hikal - Reversal Trade
After 5 attempts since Sept 2022 to break above the 200EMA the stock has finally crossed above it. There is now this short term diagonal trendline which also can get broken above 352.
That takes the stock to 370 which is the most critical resistance. If that gets taken out the uptrend in this stock will be truly underway.
Watch to buy this breakout and then surely doubling above the AVWAP at 370.
Stoploss for this would be much deeper coz its a positional trade below 325.
Disc: Already holding the stock.
That takes the stock to 370 which is the most critical resistance. If that gets taken out the uptrend in this stock will be truly underway.
Watch to buy this breakout and then surely doubling above the AVWAP at 370.
Stoploss for this would be much deeper coz its a positional trade below 325.
Disc: Already holding the stock.
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