Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
LYKALABS trade ideas
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.