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Hikalltd

Bullish Breakout: Hikal Ltd Indicating Breakout Above 330Details: Asset: Hikal Ltd (HIKAL) Breakout Level: Above 330 Potential Targets: 430, 460, 600, 740 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: Hikal Ltd (HIKAL) has been consolidating since March 2023, and a breakout above the 330 level could signal a significant bullish move. Sustaining above this level may pave the way for a substantial uptrend with potential targets at 430, 460, 600, and 740. Market Analysis: Technical Breakout: A breakout above 330 following a long period of consolidation indicates a strong bullish signal, potentially attracting increased buying interest and driving the price higher. Consolidation Phase: The extended consolidation from March 2023 suggests that the stock has been building a solid base, and the breakout could lead to a powerful uptrend. Price Targets: First Target: 430 Second Target: 460 Third Target: 600 Final Target: 740 Risk Management: Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals. Timeframe: The projected move for HIKAL is based on a medium to long-term outlook, given the extended consolidation period and the potential for significant upside. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:HIKALLong
by CyborgTradingHub
Hikal - Strong Fundamentals and Possible Technical UpmoveHikal Ltd., has a well diversified business portfolio and, is growing its revenue Y-O-Y since long period (excepting 2020 & 2021). Also, it is expected to post all time high revenue during FY 22. OPM is also maintained at around 19-21% consistently over the years. Technical Indicators: 1. Negative Retracement Points: It has already corrected down to 61.8% of its last rally 2. RSI is improving 3. Consolidation phase seems getting over SL: 414 Disc.: I am not a SEBI Registered Investor and this is not a buy recommendation, but just a research purpose idea.
NSE:HIKALLong
by TechnoFunda_Investor
2
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
NSE:HIKALLong
by TRADING_DUNIYA