Due to closure of gujarat plant due to pollution control board the share is unable to get any price action as closure might effect profit margin ..Accumulate the share on dip as it has a good management and might see some action soon.
Hikal Buy - Monthly Support zone and Weekly Huge sideways market .
Some FII are Buying thar stock - Dec 2023 1.13 %
Entry - Weekly breakout for Black Line 329 rs
Target - 410 rs
Stoploss - 250 rs
Good Stock and High Potential ..
which was earlier recommended at 225-28 level rose to 300 level .The giant rose from 70 to 700 earlier corrected to 225 .Now in a channel and as volume rose yesterday we might see a breakout from rangebound movement to 400 level ( resistance zone)
Pharma stocks are already doing well and now HIKAL is about to breakout from 308 310 zones...
Stop at CMP 305 to 310 Stoploss 280 closing basis for Short term target of 400 plus and 12 month target of 700 levels.
Rounding bottom looks good on chart and will try to retest previous highs
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....
Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients, and intermediates for its customers
Technically Inputs
A volume Spike has been observed for the last few days
Price action is forming Higher Lows.
A Re-test of the price and...
Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:HIKAL you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- ...
**Comprehensive Analysis of Hikal Limited 🌐📊**
**Business Model 🏭**
Hikal Limited stands as a global frontrunner in the manufacturing realm, specializing in active pharmaceutical ingredients (APIs), intermediates, and specialty chemicals. The company navigates three key domains:
* **Pharmaceuticals:** Crafting a spectrum of APIs, including anti-infective,...
After a decent run to 726 in sept'21 it has corrected and made a bottom around 240-50 in jul'22. Since than a good accumulation is going on and higher high kind of formation is in progress. Meanwhile there is a rumour of some family dispute among kalyani group management over family asset pool. Keeping that aside the chart structure is showing strength at lowere...
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...
Doji candle with low volume showing some sign of change of trend or temporary halting in fall. It can be tracked. Level is good to buy but lets wait some pattern emerged then will see.
