HIKAL LTD - Long-Term Cup & Handle Breakout | Weekly Chart
🕒 Timeframe: 1W | NSE: HIKAL
📅 Date: April 18, 2025
💰 CMP: ₹431.60
📈 Volume: 4.57M
🔍 Chart Highlights
☕ Cup & Handle pattern forming over a multi-year base, suggesting a potential long-term breakout.
📏 Breakout Zone (Resistance):
🟪 ₹440–₹460 (purple zone) – Multiple rejections in the past. Price is now testing this major supply zone.
📉 Downtrend Resistance Line:
Price has broken above the falling trendline, confirming bullish strength.
🟩 Support Levels:
₹400 (recent breakout retest zone)
₹360 (previous structure low)
📈 Resistance Ahead:
₹470 (long wick area)
₹510 (supply zone)
🧠 Technical Indicators
📊 RSI (Relative Strength Index)
RSI at 61.63, approaching the bullish zone
RSI breakout above previous bearish structure
“Bull” and “Bear” labels show previous sentiment shifts
🔔 Conclusion
✅ A classic Cup & Handle breakout on weekly timeframe with strong volume surge
✅ Above key resistance with bullish RSI — suggests potential continuation
⚠️ Watch for sustained close above ₹460 for confirmation
🔍 Chart by: PriceAction_Pulse
📬 For more detailed insights, follow on TradingView
✅ Educational purpose only — DYOR before any investment decision.
🕒 Timeframe: 1W | NSE: HIKAL
📅 Date: April 18, 2025
💰 CMP: ₹431.60
📈 Volume: 4.57M
🔍 Chart Highlights
☕ Cup & Handle pattern forming over a multi-year base, suggesting a potential long-term breakout.
📏 Breakout Zone (Resistance):
🟪 ₹440–₹460 (purple zone) – Multiple rejections in the past. Price is now testing this major supply zone.
📉 Downtrend Resistance Line:
Price has broken above the falling trendline, confirming bullish strength.
🟩 Support Levels:
₹400 (recent breakout retest zone)
₹360 (previous structure low)
📈 Resistance Ahead:
₹470 (long wick area)
₹510 (supply zone)
🧠 Technical Indicators
📊 RSI (Relative Strength Index)
RSI at 61.63, approaching the bullish zone
RSI breakout above previous bearish structure
“Bull” and “Bear” labels show previous sentiment shifts
🔔 Conclusion
✅ A classic Cup & Handle breakout on weekly timeframe with strong volume surge
✅ Above key resistance with bullish RSI — suggests potential continuation
⚠️ Watch for sustained close above ₹460 for confirmation
🔍 Chart by: PriceAction_Pulse
📬 For more detailed insights, follow on TradingView
✅ Educational purpose only — DYOR before any investment decision.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.