Introduction:
In this blog post, we will be analyzing the stock price of LIKHITHA and its recent breakout above the resistance line. We will also be examining the bullish indication from the MACD on OBV.
LIKHITHA's Stock Price:
LIKHITHA's stock price has been trading in a range for the past few months, with support at around 272 and resistance at around...
Entry CMP
Stop 296
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...
*Likhitha Infrastructure Ltd*
Rising C&H Formation on Yearly Basis.
Price BreakOut Needed. To be Watched.
Once Crossed 327 & Sustained, Then Good to Go!
Strong Vol. Consolidation & Continued BuiltUp.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well as. This is an Opinion
- Brokeout from Ascending triangle pattern recently , retested the same area and ready for up move
- Targets mentioned in chart and stoploss is trendline of Ascending triangle or as per your risk apetite
Company is an oil & gas pipeline infrastructure service provider, focused on laying pipeline networks along with construction of associated facilities and...
Likhitha Infrastructure Limited
➡️VCP characteristics
➡️Key Moving averages sloping up
➡️Stock structure is Uptrend
➡️Breakout Level 265 Support 250
♻️Retweet for max reach
#LIKHITHA at 230.8 now. Broken out after results. Good results. Retested TRENDLINE support at 227 and now looks good to go for target 263 and PATTER TARGET 290
symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
Likhitha was in correction phase since last 1 year. Good Order book and Revenue Visibility. High Margin Business. CNG and Pipeline Infrastructure company
This one is looking to give a Channel breakout. Need to wait for the weekly close. Relative strength is negative but improving, which is a good sign.
Disc : Not a buy / sell recommendation. Study in detail from your end.
