👉 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
2 possibility for Likhitha. 1. Take entry at 257Rs SL at 243Rs Short term target at 329Rs 2. Take Entry at 181Rs SL at 160Rs 10 months target 362Rs
NSE: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.
Gas 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 has given breakout of trend line, volume climax is on likhitha for big move. one can take swing trade for given target.
Sector: Infrastructure MONTHLY & WEEKLY chart shows HH & HL pattern formation... daily chart shows accumulation @ weekly demand zone.... 320-325 zone is major resistance zone consider it as partial profit booking.... one can accumulate this stock for all time high target...
1. Trend: Bullish 2. Set up: Reversal from support 3. Resistance may turn into support 4. RR: 1:7
Stock trading in upward channel Expecting stock to provide a 15 to 40% move from current levels Keep a stop loss of 255 on day close basis
likhita infra made hh-hl pattern cmp 281.90 sl 250 tgt 300,330,360
Likhita infra is a good investment stock. Good cup and handle breakout will be confirmed once a weekly closing is done above 320. Risky traders can enter today if stock closes above 320 with SL below 292 DCB. Targets can be 370, 400++ in medium term. Idea shared only for educational purposes.
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.
Positional Trade Likhtha Infra on verge of next move
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.
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Likhita Infrastructure which is a good fundamental company has a good chart informed cup and handle which is likely to go to a good price above
Inverted Head and Shoulder Pattern Disclaimer: Study purpose. No recommendation
*What the company does ? Likhitha Infrastructure Ltd is a company that specializes in tasks like laying pipelines for supplying gas, constructing canals for irrigation, building bridges over those canals, and carrying out maintenance work related to these projects since 1988. Company's clients- GAIL, IHB, HPCL, IOCL, ONGC, IGL, IOAGPL, TGPL, IGGL, BPCL, etc....
300 breakout price. Keep stock add your watchlist.