HIKAL Breaks Out! No stopping it Now...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
Trend
BOX BREAKOUT ANALYSIS 07.04.2021BUY 252 TO 268
TAEGET 330
Reason For Buying This Script:
First conformation in monthly time frame it has broken the box and closed above the resistance line.
Now retest moment is happening .
Second conformation Down trend Line breakout .
Once the price sustain above 330 level in monthly candle and it should close above 330 in monthly candle then only it has strong conformation, And the next target up to 501.
Note:
Above Given levels are based on Monthly & Weekly time frame . It may take some days to achieve the target , So be patience's .
ALL THE BEST....
BANKNIFTY on 15 MIN CHARTLONG - Mostly all of the index, stocks are trading near the Gap up area that was occurred with Budget day news. We think it’s very very crucial support because it has been tested multiple times on smaller as well as bigger timeframe. Very crucial situation but there’s few points that indicates that we can see reversal from the current price.
1) MACD DIVERGENCE
2) STRONG SUPPORT LEVEL with FIBONACCI and GAP UP( STRONG DEMAND ZONE)
3) GLOBAL INDICES AND SGX NIFTY UP ⬆️
SHORT- As we said earlier BNF ais at very crucial level and at very dicy situation. Move on any side would definitely give good movement. Once the support area is broken we can definitely see BNF goin atleast 800-100 points down. We tried to look for more evidence for short opportunities but we couldn’t find more.
Plan your trade according. Trade safe
Zeel: at weekly chart shows trend reversalzeel showing strength on weekly chart with strong RSI +ve diversion plus trend reversal on weekly chart breakout retest also done on friday it completed apana wala candle formation on daily chart next 3 trading session it can give 5% move on upside on radar.






















