Likhitha infrastructure flag breakoutLikhitha infrastructure after negating Head & shoulder pattern is set to make flag breakout with 60% rising potential.
LIKHITHA
Long positing in Likhita InfraPrice easily breaking the price aggressively forming HH HL patterns.
Wait for price to tap the Order Block and show confirmation in lower tf for reversal
Can look for 1:3 RR or look for an other BOS (if you have the patience)
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LIKHITHA - Ichimoku Breakout📈 Stock Name - Likhitha Infrastructure Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 427.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Likhitha Infrastructure H&S negatedGas distribution sector breakout. RSI yet to breakout in that sector. And Likhitha is indeed good company with excellent fundamentals. In this bull run, many stocks emerge cup & handle pattern. Many stocks forming H&S bearish pattern but negate it in right shoulder. This one is also like that. Another eg. shriram pistons. Likhitha getting bullish. Stock has long way to go.
LIKHITHA👉 LIKHITHA
👉 Short Term Holding
👉 Buy Above : 340/351 { If price comes 300/315 Then add more quantty }
👉 Target : 400/465
👉 sl update later
👉 weekly breakout with good volume
Likhita Infra BreakoutNSE:LIKHITHA has given a strong breakout today. Trail with stop loss in the range of 305-320. This stock can perform very well in the coming months. Hearing a lot of buzz and finally a breakout to back it.
Likhitha breaking outAfter Inverted H&S and C&H pattern, Likhitha hits ATH today. Latest news QIP investments. 1h volume is good. Raising Higher lows. Fundamentally good company.
Likhitha InfrastructureLook at the selling pressure of Likhitha at 316 which is 161.8 Fib level. Inverted H&S pattern broke along with long term trendline but price pumped up next week after pattern broke. Once weekly close is above 316 with good volume, then we can expect Likhitha to move further.
LIKHITHA - Ichimoku Bullish Breakout Stock Name - Likhitha Infrastructure Ltd
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 293
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Likhitha to Double AgainNSE:LIKHITHA has given a stellar 4X returns past its listing. A good correction has made a 50% retracement and then bounced back on. The Corrective channel is getting broken out and it will start rushing towards Rs800 level in 7-8months
At SupportThis is Daily timeframe.
Make or break situaton has occured in Likhita.
But with help of volume it seems to be more on bullish side.
In coming days we will get the trend confirmation with breakout or breakdown.
This post is for information purpose only.
Likhitha Infrastructure Ltd - Fundamental and Technical AnalysisLikhitha Infrastructure Ltd is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services. Company’s operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of PNG/PNG services.
FUNDAMENTALS:
> It is a Small Cap company with a market cap of just Rs.868 Cr, very small company.
> The ROCE and ROE is at 35% and 26% respectively which is very impressive. Positive.
> Stock P/E is at 30 which makes the valuation still attractive as compared to the sector P/E at 59. Positive.
> Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 28.6%, vs industry avg of 4.97%. Positive.
> Increasing Market Share: Over the last 5 years, market share increased from 0.02% to 0.07%. Positive.
> Higher than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 62.72%, vs industry avg of 26.93%. Positive.
> Very robust Topline and Bottomline, continuously increasing on YoY basis. Company has delivered good profit growth of 62.74% CAGR over last 5 years.
> Debts: The company have Debts of Rs. 0 Cr as per Mar 21 Balance Sheet. This is called completely DEBT Free Company.
> Reserves: The company is increasing its cash reserves on YoY basis too, Rs. 134 Cr as per Mar 21 Balance Sheet.
> OPM is rapidly growing, which is wonderful, it is at 23% as per Mar 21 Balance Sheet, and if we look at last 5 year average it is at 17.6% that’s wonderful.
> Promoters holding is intact at whopping 74.11% that is a good sign, like they trust their own business and staying invested.
TECHNICALS:
> On the chart stock is continuously in UPTREND since it’s listing in Oct 20.
> Long Volume towers as indicated by blue arrows at the bottom indicates that lot of accumulation is going on in the stock at almost regular intervals.
CLIENTS: ONGC, GAIL, Indian Oil, IGL, HPCL, Torrent Gas, Adani Gas. All big brands in the Gas distribution sector is getting their work done through LIKHITHA.
GAS Distribution is the sector of future.
Fresh Buy - AT CMP i.e. Rs. 439
Old Buy – Hold
Target – Hold for at least 2-3X return.
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
ShareMktSchool
LIKHITHA INFRASTRUCTURESWING TRADE:
LIKHITHA INFRASTRUCTURE, buy now with SL below 435, SL is big so take your entry according to that.
Lets see where it moves Company is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services.
It has advantage as the CNG demand is increasing and so we need infrastructure to satisfy the demand.
This company will be benefited.
Good one for short/long term.
This post is for information purpose only.
I'm only posting cause I want to share my analysis and views.
The more you make market simple for yourself the more you grasp knowledge and move ahead.
Hope you like it.
Likhitha infrastructure -Perfect Technical Breakout & News basedLikhitha Infrastructure Ltd is involved in developing CNG-GAS stations and gas pipelines and also has clients like igl, mgl, guj gas & adani gas.
It started a big rally because of the Indian govt interest in developing a huge network of CNG stations all over India.
Technically, stock gives a strong BreakOut in the Day TF and can make a strong rally in the next few days. Short term or positional investors can consider the stock for good gain.
