Strategic Plan for Hikal Ltd.: Targets and Breakout Strategy

Hikal Ltd.
Current Market Price: Around 304

Hikal's shares have been consolidating within a strong range for the past 14 months, consistently finding support between 260 and 275.

Once again, a glimmer of hope has emerged...

We have a plan in place.

We await a weekly closing above 330. We will initiate a buy position after a breakout above the high of that weekly candle.

We'll consider the zone between 320 and 330 as a retest area. If the trade becomes active and returns to these levels, we may consider adding more positions.

Targets:
Initial Target: 420-425

Upon closing above 456:
Hold for 595, then 725, and potentially aim for 800 and 880.

Get ready for an exciting ride with Hikal Ltd.