Cup and handle breakout in Likhita!Likhita infra is a good investment stock.
Good cup and handle breakout will be confirmed once a weekly closing is done above 320.
Risky traders can enter today if stock closes above 320 with SL below 292 DCB.
Targets can be 370, 400++ in medium term.
Idea shared only for educational purposes.
0.53%
15.90INR
595.234MINR
3.647BINR
11.125M
About LIKHITHA INFRASTRUC LTD
Sector
Industry
CEO
Sudhanshu Shekhar
Website
Headquarters
Hyderabad
Employees (FY)
871
Founded
1998
ISIN
INE060901027
Likhitha Infrastructure Ltd. engages in the provision of oil and gas pipeline infrastructure services. It focuses on laying pipeline networks and construction of associated facilities. The firm also offers operations and maintenance services to the city gas distribution (CGD) companies in India. The company was founded by Srinivasa Rao Gaddipati in August 6, 1998 and is headquartered in Hyderabad, India.
Check this out Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volat
Likhitha Infrastructure Ltd for Long.*What the company does ?
Likhitha Infrastructure Ltd is a company that specializes in tasks like laying pipelines for supplying gas, constructing canals for irrigation, building bridges over those canals, and carrying out maintenance work related to these projects since 1988.
Company's clients-
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