rectangle breakout any pullback towards 175 shall be used to enter long for 210-215+ targets
Hikal: 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.
latest 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
Disclaimer... invested point and figure chart for target calculation Not an investing/trading recommendation
- 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
Schiff 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...
stock 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