LONG HIKAL, Swing trade NSE:HIKAL experienced a displacement and currently the price is mitigating to the Fair Value Gap and trading around the Fibonnaci golden ratio, this suggests another bullish movement.
HIKAL trade ideas
BuyBuy hikal stop loss 400 closing target 485-498
Disc : It's not an investment advise to buy or sell.
Round Bottom Breakout in HIKAL Ltd – A Technical Analysis PerspeKey Highlights of the Chart:
Pattern Overview:
The round bottom formation suggests a long consolidation phase where selling pressure gradually decreased, followed by increasing buying interest.
The breakout above the neckline (marked by the green resistance line) signals the start of a new bullish trend.
Targets Identified:
First Target: ₹604
Second Target: ₹737
These targets are based on technical projections, aligning with resistance levels and Fibonacci retracements.
Current Price:
HIKAL Ltd is trading at ₹411.80 with a strong breakout momentum (+5.31% as of now).
Volume and Confirmation:
The breakout is backed by significant trading volume, further confirming the bullish trend.
HIKAL! Ascending Channel SupportTechnical Pick
Details are mentioned in the chart.
Fundamentally, ROE and ROCE is weak, and P/E is high.
Fib levels mentioned.
For educational purposes only. Not a buy/sell recommendation.
Hikal Ltd. - Base Breakout above 412#Hikal Ltd. Base Breakout on sustained close above 412. CMP 403.85.
Resistance at 477/544/667 for expected level of life high 742 & beyond. Long Term Trade. View negated below 365. Q2 FY25 EBITDA Margin improved on YoY & QoQ basis released on 12/Nov/24. Management needs to deliver in future as per the investor presentation.
#TMPV #StockInvesting #ChemicalSector #PharmaSector #AgroChemical #TechnoFunda #SmartEye
Uptrend after 1.5 years - HIKALHIKAL was forming side trend for 437 days and started to move in the upward direction.
As seen from the chart, it started uptrend from June and still in the trend against market.
HikalGo Long, Entry above day High, Stop loss below the current swing. Bullish Candle with Considerable volume. Price also at Trend line Support and also horizontal demand zone.
Educational Purpose only.
Hikal LongHikal Go Long above Day High , stop loss below swing low. Price at confluence level with considerable volume.
Hikal longHikal Long, Above Blue Line. Stop loss below swing low. Price at confluence level with candle with considerable volume.
HIKAL By KRS Charts11th Sept 2024 / 1:24 PM
Why HIKAL?
1. Bird View, After Retraced till 0.88 fibbo level making significant HHs HLs.
2. HHs HLs has formed with Accumulation / Cup at 0.88 to 0.786 level + Breakout Today with huge Volume.
3. Cup & Handle is also Visible so set my Targets accordingly,
Which are T1 - 477 Rs Short Term,
T2 - 524 Rs Medium Term,
T3 - 647 Rs Long Term.
Symmetrical Triangle Pattern BreakThe stock has broken a 3 year Symmetrical Triangle Pattern with 4x volumes accumulate between 330-360 for a Target of 625/740.
Hikal-700 levels can comeHikal has broken out of downward slopping channel on monthly chart. Looks like the move could be till 700-750 levels. Currently at 0.50 levels on Fibonacci.
HIKAL🔶𝗜 𝘀𝗰𝗮𝗻𝗻𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝘀𝘁𝗼𝗰𝗸𝘀 𝘀𝗼 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗱𝗼𝗻'𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼🔸
Here are My Top 8 Breakout Picks!
2. HIKAL
-improved margins year over year
-capacity expansion will lead to highest ever sales
-reduction in public holding
Cons
-higher PE over peers
-susceptible to China’s dumping
Hikal ltd. Longer consolidation box is broken!!!Hello 👋
It's a breakout stock..
* Stock is in uptrend
* Strong volumes since last 4-5 months
* Bullish candlestick on monthly chart
* Momentum inclined
* Previous high also broken
* If price sustain above 390 then can be move further.... have marked levels
* It's a classical rounded bottom on monthly chart..
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
VIEW ON HIKALGood chart structure
Good breakout and above recent highs
Target 402/415
Stop loss 370
I am just representing my views
For educational purpose only.
Hikal - Best above 390. SL 318HIKAL - Sector Tailwind in Chemical Space.
One can enter above 390 for targets of 414/485/580.
Strict Stop loss of 318
Always buy some and rest on every time the stock moves up.
Disclaimer : Educational Content. Please do not treat this as Buy/Sell Recommendation
HIKAL LONGCan look at HIKAL - Making a bullish pattern
It is making an ascending triangle on a Daily Time frame. With SL of 311 and upside possibilities of 490 & 590 in the near future if the markets are supportive.
HIKAL - Cup and Handle - Breakout - DailyHikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry.
Name - HIKAL
Pattern - Cup and Handle Breakout
Timeframe - Daily
Volume - Very Good
Cmp - 376
Target - 499
SL - 374
Always welcome for any comments with your feedback or give it a like if you find it useful.
Trend +Technical + Fundamental Rationale :
50/200 EMA cross over
Broken year long Channel
Sequential Targets : 370/382/405/425
SL : 330 (Will trail with targets)
Promoters , FII & DII increasing Stake
4 consequtive Qtr increase in EPS
HIKAL Triangle BreakOutHikal has given a Breakout from triangle pattern with high volumes on 1D timeframe. It is apparently retesting its resistance. Go long on bullish confirmation.
Hikal - VCP BreakoutHikal :
VCP Breakout seen
Need to sustain 355 levels
Resistance around 365 levels
Hikal- Breakout retestBuy in chunks,325-310-295
Keep SL@280 on closing basis
Target-395-425-445
*Note-Only for educational purposes.
