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. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space.
Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit....