The correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase. Interestingly HIKAL LTD has a trading cycle of forming a low in every 88...
Stock Name - Hikal Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 393 #This is not Buy and Sell recommendation to any one. This is for education purpose...
Stock is in Daily Demand zone. good to accumulate at 349 to 348 for short to long term investment SL for long term is weekly close below 320. Also swing trades setup is shared too. a strong close above weekly high will take the stock to 425 / 437. Swing tgts are 399 / 410/ 425 / 437. Long term tgts are 425 / 455 / 480 / 530 / 575 / ------> 660
Hikal taking good support on Demand Zone. can show good upside
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.
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
Note: This is for educational purpose only. There seems to be a bullish breakout with ultra high volume. RSI above 60 indicates bullish mometum.
Schiff pitchfork median line testing Weekly support S1 marks the short term downside limit Bullish Reciprocal ABCD has completed formation Upside to be effected from the bullish RABCD and the ML to ML swing in the pitchfork... Upside to be halted in pivot region where there can be further volatility and is considered as a safe take profit zone, and then upside...