HIKAL trade ideas
Breakout given: Target 147 and if it sustains T2 is 160Breakout given: Target 147 and if it sustains T2 is 160
Hikal - pattern repeating?In case of Glenmark same kind of pattern was observed. It had given a huge break out. Same pattern repetition is seen here. Maintain a proper stop loss.
Intraday / Investment PickStock tested 200DEMA & moving up.
If stock sustained above long term resistance zone then this can be good short-Medium term pick
Stock's high vol accumulation and lower time frame bounce gives a good trading opportunity.
Use 30min time frame for trading this stock.
Levels mention on charts for short term bounce play.
As of now Risk Reward ratio 1:2/2.5
Do not chase the stock for intraday if Risk Reward is not favorable.
Long term support and Resistance clearly mentioned on charts.
Closing above LTR will trigger sharper up move till 152 levels.
Keep on close watch.
Maybe a Climax Top in HikalHikal Ltd fell 25% on Sep 18 on 10000% volume more than Average Monthly Volume. Generally, such moves are climax top in stock. The stock may drift sideways for months before witnessing a huge fall after the climax top, It pays to be cautious in such scenarios.
HIKAL A volatile stock but looks like a retest of support will happen.. market is edgy so please trade with care
Disclaimer: not an trading/ investing recommendation.
not invested
Do your own Analysis
Feedback always welcome
Always ready to learn
hikal-rectanglerectangle breakout
any pullback towards 175 shall be used to enter long for 210-215+ targets
Short term bullishHikal: With the up move on Friday the stock has come out of the bearish shadow. 8/1 angle support ( long period) is at 159 which is expected to hold. With an interim resistance at 176, it should find a level of 185 in short/ medium term.
tracking the activity in hikallatest investor presentation
files.acrobat.com
investor presentation from may
hikal.com
a broker report from may
reports.choiceindia.com
disclaimer.. no positions, yet, tracking the fundamentals
Hikal on the wyckoff zoom lens-reaccumulationDisclaimer... invested
point and figure chart for target calculation
Not an investing/trading recommendation
HIKAL LTD- The stock was consolidating beautifully in the channel for six months now breakout is given with good volume buildup
- Now Flag breakout is given which is also Channel breakout with good volume buildup.
- Do your own analysis
HIKAL-A Fair Compounder with limited downside riskSchiff pitchfork median line testing
Weekly support S1 marks the short term downside limit
Bullish Reciprocal ABCD has completed formation
Upside to be effected from the bullish RABCD and the ML to ML swing in the pitchfork...
Upside to be halted in pivot region where there can be further volatility and is considered as a safe take profit zone, and then upside might be halted by the weekly R1 resistance, calculated using the traditional system
Here is the pitchfork idea in the weekly chart..
Disclaimer.. No current investment, watching reversal to enter... This is not an investment/trading recommendation
hikal - symmetrical triangle breakout with heavy volumestock is in strong uptrend gave a strong breakout , buy in phases 1st phase at cmp and rest at pull back below 240 with sl of 230 for 290 plus targets
