cup handel 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
LIKHITHA trade ideas
Likitha InfrastructureInverted Head and Shoulder Pattern
Disclaimer: Study purpose. No recommendation
Likhitha Infrastructure Ltd for Long.*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.
*Future Outlook:
The company plans to expand into new areas by taking on Tankage Projects and is anticipating an order from IOCL (Indian Oil Corporation Limited).
It is exploring opportunities in regions like the Middle East, Africa, and other countries with high demand for Pipeline Infrastructure companies.
The company is in discussions with multiple Offshore T&I (Transportation and Installation) companies to enter the Offshore business.
Fundamentals
>>Company is debt-free.
>>Expected to have a strong quarter.
>>Impressive profit growth of 52.6% CAGR over the past 5 years.
>>Consistent track record of good return on equity (ROE), with a 26.6% ROE over the past 3 years.
Technical
>>The stock is consistently moving upwards in an uptrend.
>>The price of the stock is consistently reaching higher highs and higher lows.
>>This trend is supported by a strong level of support Formed by the stock.
>>The price has experienced some pullbacks recently and is now trading close to a support level.
>>We have an opportunity to potentially make a 10% gain from the current price level by placing a stop-loss order below the trend line.
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#trading #Ideas #Breakout #Analysis.
Likhitha Infrastructure Shot term Postional LongLikhitha Infrastructure is in uptrend and currently at demand zone and at trend line support , it reacted postively multiple times from the trend line it is good buy for short term postional get 25 to 40 and book profit and exit.
Buy at or above 225 stop loss 210 Target 240 ,250 ,270 and trail further with price aciton.(CMP 226).
SmallCap Multibagger of Infrastructure Sector- Likhitha InfraSimple Things Works best in Market
Likhitha Infrastructure Lovely Following 9EMA line from its WDZ
CMP-289
Now let's see if it crosses it's DSZ then Sky is Open Above 316.
Currently 1Hr CHART, stock retested the DSZ BREAKOUT with Decreasing Volumes and Hammer formed on Support Zone
NOTE:- Yesterday only Likhitha Win Order of 236cr Rupees
Disclaimer:- This is not a buy or sell recommendation, Chart Shared for educational purpose only.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in LIKHITHA
BUY TODAY SELL TOMORROW for 5%
LIKHITA INFRA STOCK MAKE IN INDEA THEMEMonthly RSi above 55
Good momentum stock
good volume.
trending stock
holding 6-18 months
Note: Just Educatoin purpose only.
LIKHITHA - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Symmetrical Triangle BO- Formed a Symmetrical Triangle around ATH
- Volume dried up significantly during pattern formation
- BO with big candle and Volume
- Trading above all major EMAs
- Bullish RSI
- The stock is looking strong in all big tf ( Daily, weekly and Monthly )
#LIKHITA_INFRA #GOLDEN OPPORTUNITY #ACCUMULATETRADE wisely.
WE CAN JUST PREDICT.
Company has delivered good profit growth of 62.74% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.48%
Intrinsic Value ₹ 515
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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Likhitha Infrastructure: Trading near Breakout restest Likhitha Infrastructure is trading in a range since last one year. Recently stock has given breakout and retesting the same. Can be a good trade for long. Recently company has announced split also and record is fixed at 2 Dec'22.
trend line BOTRENDLINE BO ABOVE 380 TARGET 400++ buying is returning as we can see, looking for a good upmove again
Likhitha Infra-Inverted Head & Shoulders Pattern Breakout.Likhitha Infra-Inverted Head & Shoulders Pattern Breakout W-Time Frame -Entry Zone -350/380.Expect a Target-429/480.Stop Loss-335.Only Education Purpose..
Buy Today, Sell Tomorrow: LIKHITHADON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Flag Breakout in LIKHITHA
Buy Today, Sell Tomorrow: LIKHITHA
Flag breakout after long consolidation Likhitha has been in a good consolidation after starting bull run... longer the consolidation stronger the breakout...
Here there could be a retest of breakout for resistance trendline of consolidation flag after that it could fly high!
NSE:LIKHITHA
Likhitha Looking good for another UpmoveLikhitha gave awesome results, buying is returning as we can see, looking for a good upmove again.
likitha infra structure triangle breaklikitha infra structure good to enter and it forms triangle pattern and ready close breakout
28% Target Potential in Likhitha | Swing TradeWonderful swing trade with target potential of 28%
Reason to trade -
1. Breakout of 50 EMA with good volume
2. Trendline breakout
3. Breakout of Horizontal Demand Area
4. Has made a breakout and then retest which is a bullish pattern .
5. RSI above MA
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The Rich Trader
Rohit Sharma
Likhita infra ready for another rally i guess
company with good fundamentals now available on very good technical level
for good R:R
corrected & consolidated from ath 480
in june 2021
now breaking the supply zone with rising volume and RSI showing strength in Daily as well as weely timeframe one can buy at cmp for the good R:R
SL daily closing below 310
LIKHITA INFRAAs U Can See Form The Sep Q2 Results That Lihita Justify Its Valuation, But Its Is Stuck In Between 365-385 Level From A Long Time , As If Its Crosses The 395 Level So U Can Aim A Taget Of 430 First, Them 455 Second And 480 Third .
And If The Next Q3 Results Falls Its May Go Down To 300 Gain So Exit Your Postion At 350.
At Present For Swing Traders Buy It At 362 And Exit Your Posting At 378.
