Alembic Pharma Long Term Idea

May 17, 2020

APLLTD

Alembic recently posted great Q4 results and the stock has been trading in a fixed zone since a lot of years. The stock however closed above the box for the first time and if anyone follows the Darvas Box strategy, it gives us a good signal to go long as the volume has also inm=creased considerably.

I won't be getting into the fundamentals,if anyone would like my analysis on the same then you can ping me.

Trade/Invest as per you RR. I had gone long in it 8 days ago and it has already fetched me a 12% return. However,I will keep it in my holdings for the time being until I get a sell signal.

May 18, 2020

Trade active

May 21, 2020

Note

Made new high of 915.
From 870 to 915 ~ 5.10%
Still Holding

May 28, 2020

Note

Down to 830 levels now even though the results for Q4 are great.
Still Holding.