lyka labs looks bullish in medium term

Nov 28, 2017

In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.

also horizontal resistance broken with good volume,



1st tgt - 76, 2nd tgt - 90, sl - 53

Dec 8, 2017

Trade active

after recent correction, hidden bullish divergence is formed in daily after 50% retracement.

Dec 16, 2017

Trade active

price approaching the support zone.

Jan 6, 2018

Trade active

1st tgt of 76 is achieved here, also it touched the channel resistance,



we can see here, that it never came to the support zone and reversed before that and started upward journey,

So one shouldn't pin point the entry point, rather one should take an entry in a distributed pattern (in 2 or 3 parts)

Jan 6, 2018

Note

in weekly, big green candle formed and closed above upper BB, with high volume, BB started to expand.



so road is clear for upward journey.

Jan 25, 2018

Trade active

at cmp - 67.8, price at horizontal support.

Feb 11, 2018

Trade active

in daily, price bounced from horizontal support zone,

Jun 10, 2018

Trade closed manually