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LYKA LABS LTDLYKA LABS LTDLYKA LABS LTD

LYKA LABS LTD

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LYKALABS trade ideas

Lyka Labs Ltd. 155 [LYKALABS]– Rectangle Pattern (2.5 Years) 1. Rectangle Pattern Overview - Formation Details: - The stock exhibits a 2.5-year rectangle pattern, a classic consolidation pattern indicating indecision between buyers and sellers. - The resistance is clearly identified at ₹160, with multiple failed attempts to breach this level. - The support zone lies between ₹135-₹140, reflecting consistent buying interest at these levels. - Significance: - This prolonged consolidation signifies accumulation, often a precursor to a significant breakout. - A breakout above ₹160 would indicate renewed bullish momentum, with the potential to target higher price levels. 2. Volume Analysis - Volume Trends: - Volume has shown signs of strengthening as the price approaches the upper boundary of ₹160, indicating increased market participation. - A breakout above ₹160, accompanied by a volume surge, would confirm the bullish move. - The rising volume during recent price advances underscores growing investor interest and potential accumulation. 3. Key Levels - Resistance Levels: - ₹160: Critical breakout level; a decisive close above this will trigger a bullish rally. - ₹200-₹240: Post-breakout targets based on the height of the rectangle pattern. - Support Levels: - ₹135-₹140: Strong support zone and the lower boundary of the rectangle. A breach below this level would invalidate the bullish setup. 4. Price Target Calculation - The height of the rectangle pattern (₹160 - ₹135 = ₹25) is added to the breakout level: - First Target: ₹185 - Extended Targets: ₹200 and ₹240 5. Price Action Highlights - Recent Price Movement: - The stock is trading near its upper boundary, indicating pressure on the resistance level at ₹160. - The gradual higher lows within the rectangle indicate a bullish bias as buyers gain control. - Candlestick Patterns: - The recent bullish candlesticks reflect buying strength, with minimal selling pressure evident. - Strong bullish engulfing patterns near support zones further validate the presence of demand. 6. Trade Setup - Breakout Trade: - Entry: Above ₹160 on confirmed breakout with high volume. - Targets: - Short-Term: ₹185 - Mid-Term: ₹200 - Long-Term: ₹240 - Stop Loss: ₹140 (below support zone) to manage risk. - Pullback Opportunity: - If the price retraces after the initial breakout, the ₹160 level could act as a support for a retest, providing a better entry point. #Trading #Investing #TechncialAnalysis #Stocks
NSE:LYKALABSLong
by Mr_Chartist_
Amazing breakout on Weekly TF - LYKALABSCheckout an amazing breakout going to happen in the stock in Weekly timeframe. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! Also, wait for a weekly candle close above this level & then only trade. #No complicated chart patterns #No big big indicators #No Excel sheet or number magics Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an up-move using MA or RSI breakout or any such analysis. Catching the early birds in the stock market and not everyone (especially retail traders) can do it. The art is investing fixed amount equally in every stock and let the law of numbers work on compounding in the longer run, Example: 5000/- invested equally in all BO stocks where out of 15 stocks only 1-2 stocks goes beyond -50% SL, where rest of the stocks flies like an eagle. The secret recipe is "Patience with correct study" and "Large diversification" and "TIME". The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:LYKALABSLong
by Yoyohoneysingh93
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 LYKALABS BUY TODAY SELL TOMORROW for 5%
NSE:LYKALABS
by Kapil-Mittal
4
Lyka Labs Ltd. - Bottom Triangle Pattern formationThe " Bottom Triangle " that has formed on the stock of Lyka Labs Ltd . This pattern suggests a potential price movement from the current close of Rs. 121.60 to a range between Rs. 145.00 and Rs. 150.00. The pattern developed over a span of 66 days, which is expected to be roughly the time it might take for the price to reach the target range, based on standard technical analysis principles. It's important to note that while chart patterns like the Bottom Triangle can provide insights into potential price movements, they are not foolproof indicators. Market conditions can change due to a variety of factors including news events, macroeconomic trends, and changes in investor sentiment. Therefore, it's always a good idea to consider multiple sources of information and conduct thorough research before making any investment decisions. If you're actively trading or investing in the stock market, it's also recommended to consult with financial professionals or advisors who can provide personalized advice tailored to your specific situation and risk tolerance.
NSE:LYKALABS
by hardeepssethi
Lyka Labs - 3.5yr C&H PatternBUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:LYKALABSLong
by raavigeorgian