Round Bottom Breakout in HIKAL Ltd – A Technical Analysis Perspe
Key Highlights of the Chart:
Pattern Overview:
The round bottom formation suggests a long consolidation phase where selling pressure gradually decreased, followed by increasing buying interest.
The breakout above the neckline (marked by the green resistance line) signals the start of a new bullish trend.
Targets Identified:
First Target: ₹604
Second Target: ₹737
These targets are based on technical projections, aligning with resistance levels and Fibonacci retracements.
Current Price:
HIKAL Ltd is trading at ₹411.80 with a strong breakout momentum (+5.31% as of now).
Volume and Confirmation:
The breakout is backed by significant trading volume, further confirming the bullish trend.
Pattern Overview:
The round bottom formation suggests a long consolidation phase where selling pressure gradually decreased, followed by increasing buying interest.
The breakout above the neckline (marked by the green resistance line) signals the start of a new bullish trend.
Targets Identified:
First Target: ₹604
Second Target: ₹737
These targets are based on technical projections, aligning with resistance levels and Fibonacci retracements.
Current Price:
HIKAL Ltd is trading at ₹411.80 with a strong breakout momentum (+5.31% as of now).
Volume and Confirmation:
The breakout is backed by significant trading volume, further confirming the bullish trend.
Automate trades on your account with BreakoutAI. Contact below to get access ⬇️
✅Whatsapp: wa.me/message/DVDMNWS6N27CN1
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ Daily Calls
⭐ FNO Trades
⭐ ALGO Trading
✅Whatsapp: wa.me/message/DVDMNWS6N27CN1
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ Daily Calls
⭐ FNO Trades
⭐ ALGO Trading
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.