Why Caution is Key Before Buying Bikaji Stock: Understanding the Bigger Picture

Head & Shoulders Pattern

I see many groups recommending buying Bikaji stock just because it's bouncing from the 200 MA. However, it’s important to look at the bigger picture. Bikaji recently broke down from a head and shoulders pattern, which is a strong reversal signal in technical analysis. It’s better to wait for a proper base to form or for the stock to break the adjacent shoulder level to invalidate the pattern before considering a buy.