HIKAL LTD
ENTER ONLY AFTER 195 -200 ___ FOR SHORT TERM
so many confirmations are there .... in monthly time frame it has formed head and shoulder pattern
flag ---- in daily time frame
and has taken resistance from 185 ...
FOR INTRADAY YOU CAN ENTER @ 186
with stop loss of 6 rs and target of 195 (only for risky trader)
according to my study it is a pharma company and NIFTY PHARMA will be also bullish for more 1500 points apprx .
and now it is above 50 and 200 DMA and SMA so all over technically it is busllish
and according to EWT it will enter in 3rd wave after 200
but financially it is very weak but you can go for short term above 195-200
so many confirmations are there .... in monthly time frame it has formed head and shoulder pattern
flag ---- in daily time frame
and has taken resistance from 185 ...
FOR INTRADAY YOU CAN ENTER @ 186
with stop loss of 6 rs and target of 195 (only for risky trader)
according to my study it is a pharma company and NIFTY PHARMA will be also bullish for more 1500 points apprx .
and now it is above 50 and 200 DMA and SMA so all over technically it is busllish
and according to EWT it will enter in 3rd wave after 200
but financially it is very weak but you can go for short term above 195-200
Note
one more thing is there it can further correct itself so be care full while taking this tradeTrade closed: target reached
Trade closed: target reached
2nd target reached tooNote
and may more long now
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.