Hikal - Coming out from consolidation?
Hikal touched its top price of ~700 during later part of 2021. Since then it has been consolidating.
Now Hikal is picking up strength and showing positive volume growth. Hikal can give a good breakout if the momentum continues.
CMP: 304
Breakout Point: 315
SL:299, revise it to 325 when price crosses 350.
Target: 400 and beyond.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Now Hikal is picking up strength and showing positive volume growth. Hikal can give a good breakout if the momentum continues.
CMP: 304
Breakout Point: 315
SL:299, revise it to 325 when price crosses 350.
Target: 400 and beyond.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
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