hikal again at top channel last 2 time its fall whenever it touches top of channel and making lower lows so its interesting to see this time if it breaks it or fall.. on positive side volume is picking up and rsi also in favour .. for uptrend it should break 185 level weekly or monthly and sustain it otherwise we can see major downtrend.. my views is on bullish side if it breaks the channel with good volume..
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Hikal closed weekly @179.55 with good volume.. but still in channel.. next week is crucial.. keep watching
Thanks for the wonderful analysis. What's your target if it successfully breaks out ?
bawasingla
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@MrKartik, cant say bro.. 220 first n then we will see
MrKartik
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@bawasingla, I hope it reaches to 220 level. It really has failed so many breakouts before. I need to square off my positions from this one. Thanks any way bro !
bawasingla
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@MrKartik today it touched 195 level.. with good volume so far good..