Likhitha infrastructure flag breakoutLikhitha infrastructure after negating Head & shoulder pattern is set to make flag breakout with 60% rising potential.
LIKHITHA trade ideas
LIKHITHA INFRASTRUCTURE 📈 📈 If sustained above that White trend line in weekly then it could move upward 📈 📈 as per the marked price level
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
LIKHITHA BULLISH BREAKOUTIts a up flag breakout with huge volume.breakout is happened after a long consolidation .
Long positing in Likhita InfraPrice easily breaking the price aggressively forming HH HL patterns.
Wait for price to tap the Order Block and show confirmation in lower tf for reversal
Can look for 1:3 RR or look for an other BOS (if you have the patience)
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LIKHITHA - Ichimoku Breakout📈 Stock Name - Likhitha Infrastructure Ltd
🌐 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 427.
🚨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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Likhitha Infrastructure H&S negatedGas distribution sector breakout. RSI yet to breakout in that sector. And Likhitha is indeed good company with excellent fundamentals. In this bull run, many stocks emerge cup & handle pattern. Many stocks forming H&S bearish pattern but negate it in right shoulder. This one is also like that. Another eg. shriram pistons. Likhitha getting bullish. Stock has long way to go.
Likhitha - Power MoverOne of the few stocks which has been behaving beautifully during the pullback last week..
The stock seems to have demand (Witnessed from the higher volumes than usual)
Long above 365 on a consolidation breakout and then again above 385 (new high).
Stoploss after the first trade would be below 340.
LIKHITHA👉 LIKHITHA
👉 Short Term Holding
👉 Buy Above : 340/351 { If price comes 300/315 Then add more quantty }
👉 Target : 400/465
👉 sl update later
👉 weekly breakout with good volume
Likhita Infra BreakoutNSE:LIKHITHA has given a strong breakout today. Trail with stop loss in the range of 305-320. This stock can perform very well in the coming months. Hearing a lot of buzz and finally a breakout to back it.
Likhitha Infrastructure Ltd Analysis 2 possibility for Likhitha.
1. Take entry at 257Rs SL at 243Rs Short term target at 329Rs
2. Take Entry at 181Rs SL at 160Rs 10 months target 362Rs
likhithalikhitha has given breakout of trend line, volume climax is on likhitha for big move. one can take swing trade for given target.
Likhitha Infrastructure Ltd. ( 35% upside potential)
Sector: Infrastructure
MONTHLY & WEEKLY chart shows HH & HL pattern formation...
daily chart shows accumulation @ weekly demand zone....
320-325 zone is major resistance zone consider it as partial profit booking....
one can accumulate this stock for all time high target...
LIKHITHA Reversal trade set up with 1:7+ RR trade1. Trend: Bullish
2. Set up: Reversal from support
3. Resistance may turn into support
4. RR: 1:7
Swing move expectedStock trading in upward channel
Expecting stock to provide a 15 to 40% move from current levels
Keep a stop loss of 255 on day close basis
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.
Likhitha breaking outAfter Inverted H&S and C&H pattern, Likhitha hits ATH today. Latest news QIP investments. 1h volume is good. Raising Higher lows. Fundamentally good company.
Likhitha InfrastructureLook at the selling pressure of Likhitha at 316 which is 161.8 Fib level. Inverted H&S pattern broke along with long term trendline but price pumped up next week after pattern broke. Once weekly close is above 316 with good volume, then we can expect Likhitha to move further.
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 volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
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10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
cup handel Likhita Infrastructure which is a good fundamental company has a good chart informed cup and handle which is likely to go to a good price above
