Hikal Ltd fell 25% on Sep 18 on 10000% volume more than Average Monthly Volume. Generally, such moves are climax top in stock. The stock may drift sideways for months before witnessing a huge fall after the climax top, It pays to be cautious in such scenarios.
Good one bro. What could be the downward range for accumulation and bottom fishing
InfinityCapital
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@LokeshGLC, Depends on how the earnings are shaping up. my style of trading is buying stocks near highs. I'm not a bottom picker
LokeshGLC
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@InfinityCapital, How is Hikal looking technically now. Entire pharma sector looks strong. Hikal recovered well from bottom. What's your view on it
InfinityCapital
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@LokeshGLC, Technically looks weak. i like ajanta pharma, suven pharma, granules, cipla, cadila, and a few other names. i have a position in these stocks