In the Weekly Chart of LYKALABS ,
we can see that; it is Holding itself on support line since 2 weeks.
Also Hammer candle's are formed.
Expected momentum is shown in chart.
Swing Pick (1-3 Month apx)
LYKA LABORATORIES (LYKALABS) – {CMP-124.9}
Technically Very Strong💹
(Refer Chart)
Target🎯: 30% Upside expected
SL : 105 (15% Apx)
Disclaimer🙏 : This is not a Buy/Sell advice. We share what we do. Only for educational purpose. Consult your financial advisor before investing.
The " 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...
📌Inverted Head & Shoulder Reversal Setup
✅Add to your watchlist
LYKALABS
- Setting up for Stage 2 Breakout
- Volume and Volatility contraction at right shoulder
- Above Key EMAs
- Bullish RSI
will it break 20 year range 8--145 ... or not and slip back to low cmp 129.
check techno funda at ur end .
decide on ur own risk is ur
observation as very long term to learn trend technical pattern analysis.
Gives a breakout on weekly basis candle. MACD looking gud
Pattern - Head n shoulder
everything looking in charts
Note- only for educational purpose not any advice
BUY 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...
