LYKA LABS Swing ChanceLyka Labs is consolidating with in the range of 98 ~130. 95~98 is acting as a strong support Stock is likely to move next resistance zone 0f 130. RSI also supporting the next move.
Risk/Target - follow risk reward ratio.
Trade ideas
LYKA LABSAfter a long consolidation for over 3 years, the stock seems to be gaining fresh bullish momentum. Further the sector also is one which may probably do well amidst so much of economic chaos everywhere.
Long uptrend followed by consolidation/accumulation is a good recipe for better success probability.
LYKALABS - Weekly AnalysisIn the Weekly Chart of LYKALABS ,
we can see that; it is looking very strong
Also, it has multiple rejections at 160.
Let it create a Halt candle and then we can enter with a SL and Target of 200-205.
Expected momentums is shown in chart.
Lyka Labs Ltd. 155 [LYKALABS]– Rectangle Pattern (2.5 Years)
1. Rectangle Pattern Overview
- Formation Details:
- The stock exhibits a 2.5-year rectangle pattern, a classic consolidation pattern indicating indecision between buyers and sellers.
- The resistance is clearly identified at ₹160, with multiple failed attempts to breach this level.
- The support zone lies between ₹135-₹140, reflecting consistent buying interest at these levels.
- Significance:
- This prolonged consolidation signifies accumulation, often a precursor to a significant breakout.
- A breakout above ₹160 would indicate renewed bullish momentum, with the potential to target higher price levels.
2. Volume Analysis
- Volume Trends:
- Volume has shown signs of strengthening as the price approaches the upper boundary of ₹160, indicating increased market participation.
- A breakout above ₹160, accompanied by a volume surge, would confirm the bullish move.
- The rising volume during recent price advances underscores growing investor interest and potential accumulation.
3. Key Levels
- Resistance Levels:
- ₹160: Critical breakout level; a decisive close above this will trigger a bullish rally.
- ₹200-₹240: Post-breakout targets based on the height of the rectangle pattern.
- Support Levels:
- ₹135-₹140: Strong support zone and the lower boundary of the rectangle. A breach below this level would invalidate the bullish setup.
4. Price Target Calculation
- The height of the rectangle pattern (₹160 - ₹135 = ₹25) is added to the breakout level:
- First Target: ₹185
- Extended Targets: ₹200 and ₹240
5. Price Action Highlights
- Recent Price Movement:
- The stock is trading near its upper boundary, indicating pressure on the resistance level at ₹160.
- The gradual higher lows within the rectangle indicate a bullish bias as buyers gain control.
- Candlestick Patterns:
- The recent bullish candlesticks reflect buying strength, with minimal selling pressure evident.
- Strong bullish engulfing patterns near support zones further validate the presence of demand.
6. Trade Setup
- Breakout Trade:
- Entry: Above ₹160 on confirmed breakout with high volume.
- Targets:
- Short-Term: ₹185
- Mid-Term: ₹200
- Long-Term: ₹240
- Stop Loss: ₹140 (below support zone) to manage risk.
- Pullback Opportunity:
- If the price retraces after the initial breakout, the ₹160 level could act as a support for a retest, providing a better entry point.
#Trading #Investing #TechncialAnalysis #Stocks
Amazing breakout on Weekly TF - LYKALABSCheckout an amazing breakout going to happen in the stock in Weekly timeframe.
IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! Also, wait for a weekly candle close above this level & then only trade.
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an up-move using MA or RSI breakout or any such analysis.
Catching the early birds in the stock market and not everyone (especially retail traders) can do it. The art is investing fixed amount equally in every stock and let the law of numbers work on compounding in the longer run,
Example: 5000/- invested equally in all BO stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flies like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME".
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
#lyka labsThis stock gave a volume BO and now showing a flag pattern consolidation with low volume compared to BO candle volume.
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 LYKALABS
BUY TODAY SELL TOMORROW for 5%
LYKALABS - Weekly AnalysisIn the Weekly Chart of LYKALABS ,
we can see that; it is Holding itself on support line since 2 weeks.
Also Hammer candle's are formed.
Expected momentum is shown in chart.
You will earn 30% Swing Pick (1-3 Month apx)
LYKA LABORATORIES (LYKALABS) – {CMP-124.9}
Technically Very Strong💹
(Refer Chart)
Target🎯: 30% Upside expected
SL : 105 (15% Apx)
Disclaimer🙏 : This is not a Buy/Sell advice. We share what we do. Only for educational purpose. Consult your financial advisor before investing.
Lykalabs getting ready for bull Lykalabs getting ready for bullish reversal
can look for tp od 180 with sl of 85 on dc basis
Lyka Labs In BuyBuy In Lyka Labs
Huge Volume
Laboratories Sector In Positive Zone
Cmp - 140.7
Add More On Dips 120-125
SL - 105 ( Weekly Closing Basis )
Target - 200+++
Lyka labs . Ready 🙂😀 for 230✔️✔️Lyka labs can be move upto 70%
#swing trade
#pharam stock.
Holding time 3 months
Lyka Labs Ltd. - Bottom Triangle Pattern formationThe " Bottom Triangle " that has formed on the stock of Lyka Labs Ltd .
This pattern suggests a potential price movement from the current close of Rs. 121.60 to a range between Rs. 145.00 and Rs. 150.00.
The pattern developed over a span of 66 days, which is expected to be roughly the time it might take for the price to reach the target range, based on standard technical analysis principles.
It's important to note that while chart patterns like the Bottom Triangle can provide insights into potential price movements, they are not foolproof indicators.
Market conditions can change due to a variety of factors including news events, macroeconomic trends, and changes in investor sentiment.
Therefore, it's always a good idea to consider multiple sources of information and conduct thorough research before making any investment decisions.
If you're actively trading or investing in the stock market, it's also recommended to consult with financial professionals or advisors who can provide personalized advice tailored to your specific situation and risk tolerance.
Inverted Head & Shoulder Reversal Setup 📌Inverted Head & Shoulder Reversal Setup
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LYKALABS
- Setting up for Stage 2 Breakout
- Volume and Volatility contraction at right shoulder
- Above Key EMAs
- Bullish RSI
# Lykalabs - # Lykalabs - Breaking out a rectangular pattern, consistently trading in the narrow range.
Looks good as the volume is also growing.
lyka lab ..will it will it not .??will it break 20 year range 8--145 ... or not and slip back to low cmp 129.
check techno funda at ur end .
decide on ur own risk is ur
observation as very long term to learn trend technical pattern analysis.
Lyka Labs Ltd - Strong BuyLyka Labs Ltd - String Buy hold for a week. This is Pharma stock and will shoot up more based on the current trend
cooking some nice in LykalabsGives a breakout on weekly basis candle. MACD looking gud
Pattern - Head n shoulder
everything looking in charts
Note- only for educational purpose not any advice
LYKA -LONG LYKA LABS , CROSED RESISTANCE, THEN RETRACED AT 50% NOW MOVING AHEAD FOR 1ST AND 2ND TARGETS .
ENJOY
Lyka Labs - 3.5yr C&H PatternBUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
