the stock has become expensive and is at channel resistance of 259-260 level .Sell with a price target of 232-35
positional buy hikal at 205/186 we seen 255/288/332+ invalid below 140 cbsl
This stock has initiated the impulse drive with respect to completion of corrective wave as labelled. Suitable to hold for short term with proper risk management. DISCLAIMER:The is published purely for educational purpose, and not a financial advisory . Trading involves high risk and invest with your own analysis with proper money management..
Hikal announced the successful development of Favipiravir Active Pharmaceutical ingredient (API) and its intermediates the , In 5th wave after completing( i)st and ( ii)nd wave the ( iii)rd wave of 5th has a trg of 210.
hikal looks strong and is going to burst
There will be a small swing low of 4 to 5 season till the range of 165-169 before moving back up to 185. Also the Stoc. RSI is above 80 which shows resistance at current price zone
ADDED MORE TODAY. MY VERY VERY HIGH CONVICTION BET. FUNDAMENTALLY EXTRA STRONG. TECHNICALLY SUPER BULLISH. VERY PROMISING SETUP. PHARMA, API, CDMO, AGRI - MANY MANY FUNDAMENTAL TRIGGERS IN FUTURE. IT IS MY LONG TERM INVESTMENT, WONT EXIT EVEN IF IT HITS MY STOPLOSS. SL IS 145(WCB) PROVIDED WHO ARE ONLY BUYING THIS FOR TRADING PURPOSE. #ZERO #BEAST #BULLISH...
buy near to 146-47 range real power above 163 short term trg above 163 182 to 85, 193,94
we are into resistance zone sell here and buy again near to 132-34 level