As per analysis, NSE:HIKAL has been continue sustained above 60% retracement level of 283.
Best buy level to take entry is 298 with small stop loss of 270 (-28). My expected upside target would be 334 (+36) & 410 (+112). This could be low risk and high reward positional trade.
Note: this is my personal analysis, only to learn stock market behavior. Thanks.
Hikal Ltd. provides solutions related to Pharmaceuticals, Crop protection, Specialty Chemicals and Research & Technology. Hikal has five manufacturing facilities in India at Maharashtra, Gujarat, Karnataka and a Research & Technology centre at Maharashtra. Hikal CMP is 319.45.
Negative aspects of the company are high valuation (P.E = 50.2) & declining annual net...
