After 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.
Look 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.
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...
NSE: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
This 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 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...
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...
Likhitha 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...
