lyka lablyka lab is in upword trend, it may take 3 to 10 days to achieve our target , so wait watch n catch
LYKALABS trade ideas
lyca labpromoters are continiously increasing stake in lyka, ipcalab is the biggest shareholder bought in month of april
Lyka Labs Above 40 EMA
BO on large volume
Consolidation of more than 2 yrs
No over head supply on left side
Bumper results/EPS growing
Increasing RS
LYKALABS - BullishStock name - Lyka Labs Limited.
Weekly chart setup
Chart is self explanatory everything.
Master score - B
Disclaimer : This is for demonstration and education purpose only. This is not buying or selling recommendations. I'm not SEBI registered.
Lyka Labs is in a strong 'wave 3'The stock had its last impulse move in may 2023 which was a quick 40% move in a month's span.
From July end till mid Nov. the stock underwent a zig zag(Elliot wave) correction and corrected 50% of the impulse.
Now this week the stock is setting out very strongly in the 'wave iii' mode. The recent volume on this stock is unmatchable to any of its recent months volumes.
The stock is giving a multiple layered breakout by:
i. breaking out from a falling channel
ii. breaking out above important horizontal resistance area of 120-125
The stock faces no major resistance till around the 160-165 mark making it a smooth road ahead.
Any small dip/pull-back would be a good opportunity to enter the stock.
Note*- Please do your own research/analysis before taking entry in any stock. Views expressed here are my personal observations/opinions.
LYKALABS Buy Idea 03 June 2023NSE:LYKALABS has given a strong reversal indication. As per my analysis, level of 101 could be best buy opportunity with stop loss of 88 (-13 Points). My expected upside target would be 113 (+12) & 122 (+21).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Lyka lab buy at 130 Ready to breakout target 1 183 and long term tgt in less than 2 years give tgt og more than 300
LYKA LABS Two decade support zoneon monthly chart lyka at 2 decade support zone 88-125 levels to watch.
EPS 19, bookvalue -9
Promoters have increased holdings from 20.04% to 47.79% in Mar 2022 qtr.
for education purposes only.
Lykalabs is a good buyThis indicator predicts future resistances/ swing highs(represented by green band) and future supports/ swing lows(represented by red band), and we are just trend trading with the help of it.
LYKALABS is a good buyThis indicator predicts future resistances/ swing highs(represented by green band) and future supports/ swing lows(represented by red band), and we are just trend trading with the help of it.
