LYKALABS trade ideas
LYKALABSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
High Risk Trade* Lyka Labs Limited is engaged in the business of pharmaceutical products and pharma-related activities, including research.
*Market Cap₹ 66.8 Cr.
*27 % share pledge with loss making company.
*But Technically looks good .
*Rounding bottom with Inverted H & S pattern break out.
Lyka Labs Bull FlagGood Investment idea with SL 53 on weekly closing.
All levels in chart.
Happy investing.
lyka labs looks bullish in medium term In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
Lykalabs breakoutOn the weekly chart LYKALABS seems to have broken out of the channel with strong volume.
LYKALABS Bullish Harmonic ReversalLYKALABS Bullish Harmonic Reversal
LYKALABS: LCP @ 50.00 .
Harmonic Pattern: Bullish CRAB .
Candle Pattern: Bullish ENGULFING .
Divergence: RSI Positive & OBV Positive .
Price Range Compare to Previous Candle: H-H & L-L .
TGTs: @ 52.6, @ 55.15 , @ 57.15, @ 59.10 , @ 61.90, @ 65.45 .
