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Parallel Channel Breakout in Hikal Ltd

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HIKAL LTD (NSE:HIKAL)  
varun_devadiga  
NSE:HIKAL   HIKAL LTD
Support and Resistance Trend Lines Parallel Channel HIKAL daychart Bullish Patterns LONG channelbreak Trend Line Break volumespike
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supportandresistance trendline parallelchannel hikal daychart bullish long channelbreak trendlinebreak volumespike
Parallel Channel Breakout in Hikal Limited

Stock was trading in a channel from past one year.
Now we can see this channel has been broken with good volume and candle.

Stock has a potential to reach 500+ level in coming days.
Ideal stop-loss be at 240.

This is just a view, not a recommendation to trade. do your own analysis before taking any trade.

Share your opinion in the comment section.

HIKAL

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