ParamjitMahapatro
Long

lyka labs looks bullish in medium term

NSE:LYKALABS   LYKA LABORATORIES
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
Trade active: after recent correction, hidden bullish divergence is formed in daily after 50% retracement.

Trade active: price approaching the support zone.
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)
Comment: 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.
Trade active: at cmp - 67.8, price at horizontal support.
Trade active: in daily, price bounced from horizontal support zone,
Trade closed manually
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out