Hikal bottom formation Hikal has created consolidation and given breakout and decent pullback also given.
This will fly again next levels.
HIKAL trade ideas
Weekly Resistance BreakoutHIKAL
1)The stock has given a strong breakout in weekly timeframe with the candle close.
2)Looks good to go @ cmp (360 to 370).
3)The expected short term target is 410 & 440
Long term consolidation breakoutGood volume buildup in daily and weekly timeframe.
Price has given breakout of more than 1 year of consolidation.
Smallcap.
FII & DII stake increased.
Fundamental is OK. not that great.
NOTE: I do my analysis, do your before trade.
HIKAL - Ichimoku Breakout📈 Stock Name - Hikal Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 367.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Hikal - Coming out from consolidation?Hikal touched its top price of ~700 during later part of 2021. Since then it has been consolidating.
Now Hikal is picking up strength and showing positive volume growth. Hikal can give a good breakout if the momentum continues.
CMP: 304
Breakout Point: 315
SL:299, revise it to 325 when price crosses 350.
Target: 400 and beyond.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Breakout in HIKALDarvas Box Breakout
RSI above 65 and rising
Trading above EMA50
Volume increasing
16 months of consolidation
Disc: for study, not a recommendation
Bullish Breakout: Hikal Ltd Indicating Breakout Above 330Details:
Asset: Hikal Ltd (HIKAL)
Breakout Level: Above 330
Potential Targets: 430, 460, 600, 740
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Hikal Ltd (HIKAL) has been consolidating since March 2023, and a breakout above the 330 level could signal a significant bullish move. Sustaining above this level may pave the way for a substantial uptrend with potential targets at 430, 460, 600, and 740.
Market Analysis:
Technical Breakout: A breakout above 330 following a long period of consolidation indicates a strong bullish signal, potentially attracting increased buying interest and driving the price higher.
Consolidation Phase: The extended consolidation from March 2023 suggests that the stock has been building a solid base, and the breakout could lead to a powerful uptrend.
Price Targets:
First Target: 430
Second Target: 460
Third Target: 600
Final Target: 740
Risk Management:
Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals.
Timeframe:
The projected move for HIKAL is based on a medium to long-term outlook, given the extended consolidation period and the potential for significant upside.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
Hikal going to blast soonLong consolidation on WTF
Bollinger band getting squeeze.
RSI running between 40-60 for long time.
Entry on candle closing above Bollinger Band.
Daily Bullish Flag breakout for in Hikal Ltd for 10% upsideHi,
NSE:HIKAL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
BREAKOUT IN HIKAL 📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF HIKAL
• Potential Breakout Chart
• Symmetrical Triangle Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
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 HIKAL
BUY TODAY SELL TOMORROW for 5%
HIKAL, 1W, Parallel channel breakout anticipationHikal, currently in a downward parallel channel consolidation. if this stock breaks the upper resistance line with solid cofirmation, we have a trade opportunity with RRR-2.1 with the target 1 and higher RRR with target 2 and target 3. the price currently stands at node of FRPV.
Strategic Plan for Hikal Ltd.: Targets and Breakout StrategyHikal Ltd.
Current Market Price: Around 304
Hikal's shares have been consolidating within a strong range for the past 14 months, consistently finding support between 260 and 275.
Once again, a glimmer of hope has emerged...
We have a plan in place.
We await a weekly closing above 330 . We will initiate a buy position after a breakout above the high of that weekly candle.
We'll consider the zone between 320 and 330 as a retest area. If the trade becomes active and returns to these levels, we may consider adding more positions.
Targets:
Initial Target: 420-425
Upon closing above 456:
Hold for 595, then 725, and potentially aim for 800 and 880.
Get ready for an exciting ride with Hikal Ltd.
HIKAL BO [DAILY]HIKAL BO today with higher than average volumes and price appreciation.
Buyer demands seem to be there but Earnings doesn't feel consistent.
Let's see how this scrip does in the remaining part of the week.
HikalPossibility of reversing the downward pattern after crossing 330 in coming days. long chart is showing reversal and can see 400 and more
HIKALHIKAL on weekly time frame gave a breakout and now expecting a big move in coming sessions. NOTE: NO BUY OR SELL RECO.
HIKAL READY TO MOVE MASSIVEafter a long consolidation and accumulation . the expected move of 50% from this place is forsure. bring it on your watchlist and invest
Hikal Bullish, Kindly do your own studyThis stock is taking support of 50 EMA in monthly time frame and MACD is uptick
Weekly- Price is in upper bollinger band but resistance of 50 EMA.
MACD PCO
Daily- RSI is above 60 and ADX is at good level.
EMAS PCO
Volume is good
Price is above 50 and 200 EMA.
Hikal Long Trade BreakoutHikal Seen Trendline Breakout and The Stock is Near Support Zone with Volume Surge, Hikal Ready To Move our Short Term Target 400+ in three Months..
#HIKALsmall RSI says its not oversold. cmp 285...temp bottom formed can fetch atleast 15rs from here
