HIKALNote:
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HIKAL
HIKAL Breaks Out! No stopping it Now...NSE:HIKAL
Observations on the Chart.
The Channel it was trading has been subjected to breakout from. It will retest the upper channel trend line and then there's no stopping it before targets of 400!
All predictions are merely educational and not a trading advice whatsoever
HIKAL LTDENTER 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
HIKAL READY FOR BREAKOUT OR DOWNFALL STARTED LETS SEEhikal 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..