Hikal CMP 406 best deal to grab,Target Rs:2500
Breakout from the Flag Pattern on Weekly Chart. The stock is attractive even at CMP but given the market scenario awaiting a Breakout from the Inverted Head and Shoulders Pattern would be ideal.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
All levels are mentioned on the chart. Entry can be done at CMP. Weekly chart is for 6 months of holding. DISC: for educational purposes only.
Hikal (Weekly):- (Breakout zone 206/210) for Target 400/420++ with Stop Loss 150 WCB
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 TL and Resistance breakout. Looks good for Positional entry on Daily chart.
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...
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...
Target on the chart.
target on the chart. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Monthly chart Observation, This time hope so it will come out of range and make new high inshallaha
1.Near Multiyear Resistance. 2.Momentum in pharma can break the Resistance. 3. Retracement happen with amid of low Volume.
Next 3-5 years will be lead by API industry One can add at every dip for 12 to 18 months. Short term immediate target is 170