Hikal...good accumulation zone for 20-30% upside After a decent run to 726 in sept'21 it has corrected and made a bottom around 240-50 in jul'22. Since than a good accumulation is going on and higher high kind of formation is in progress. Meanwhile there is a rumour of some family dispute among kalyani group management over family asset pool. Keeping that aside the chart structure is showing strength at lowere levels of 290-325 range.
With sector rotation Pharma is showing trend reversal and may outperform or lead nifty in coming 2-3qtrs. This renowned group with major presence in API and CRAMS can lead to a good returns to 375-90..425.
