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...
The stock has consolidated for a very long time and is now breaking out.
As most are aware we are already long on the stock..But i would add more above 374 (AVWAP).
Once it crosses above 374 the stoploss will be shifted to cost.
After 5 attempts since Sept 2022 to break above the 200EMA the stock has finally crossed above it. There is now this short term diagonal trendline which also can get broken above 352.
That takes the stock to 370 which is the most critical resistance. If that gets taken out the uptrend in this stock will be truly underway.
Watch to buy this breakout and then...
A good company that could be seeing the end of the bad news that plagued it due to non-compliance.
It formed a nice rounding bottom and formed a cup..now it corrected and could form a beautiful handle before lifting off again.
Long above 339 for an initial target of 380. Stoploss below 318.
NSE:HIKAL
The prices has given the breakout from the Channel Pattern. The price has sustained above it. The prices are above the Moving Averages. The MACD and RSI are also positive. The view is for upto 6 months. The Target and SL are on the charts.
Disclaimer : This is my own view and Analysis. This is for educational purpose. This is not a call, tip or recommendation.
The stock is on the verge of a breakout..having crossed above the 200EMA. Its failed to break above the 200EMA on the last couple attempts..
Otherwise market veterans say its an API player held in high standard by the markets.
There is a gap that needs filling fro m360-380..if it can successfully navigate that space it could move much higher..
As we already...
Flag and pole Breakout in Hikal in hourly chart
Supporting to our previous analysis in the day chart (Parallel channel breakout), here we can see flag and pole breakout in 1hr time frame.
which suggests there is a high chance of continuation of uptrend.
To know more refer below link of daily chart
BSE:HIKAL
Parallel Channel Breakout in Hikal Limited
Stock was trading in a channel from past one year.
Now we can see this channel has been broken with good volume and candle.
Stock has a potential to reach 500+ level in coming days.
Ideal stop-loss be at 240.
This is just a view, not a recommendation to trade. do your own analysis before taking any trade.
Share your...
NSE:HIKAL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 456.80
Target 1: 431.80
Stop Loss: 405.10
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our...
Hikal has had bad news followed by bad results in the past 6 months. The stock has corrected 60% from the top.
The stock has rejected almost all support levels thus far. Its currently at the channel bottom and 200WEMA.
It needs to bounce on Monday else the price could be headed for 271 (Fibo level) followed by 205 which is a breakout retest.
Be cautious if you...
Why long ?
a) 200 ema is rising and price formed the based resulted in half w formation with positive volume incorporation during the formation.
b) Weekly support for long but the entry is weekly high with SL of 14% and qty to be optimized risking not more than 1% of equity.
c) SL Compulsory
