Momentum Trading Picks - Alembic Pharma & Quess Corp.

Jul 26

Alembic Pharma

• The stock encountered several rejections around the 1,130 level, leading to a significant correction in price.
  
• Eventually, it found support near the 460 level and began to climb upwards.
  
• During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend.
  
• Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.
  

Quess Corp

• The price had been trending upwards within a parallel channel until it broke below, leading to a correction.
  
• After that, the stock underwent a consolidation phase before gradually moving upwards.
  
• A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period.
  
• The recent strong breakout suggests that the price is poised to continue its upward movement.