Alembic Pharma Long Term Idea


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.

Trade active
Comment: Made new high of 915.
From 870 to 915 ~ 5.10%
Still Holding
Comment: Down to 830 levels now even though the results for Q4 are great.
Still Holding.


Looks like breakout retest is now completed. lets see how it unfolds from tomorrow
+1 Reply
internal_0rgan buddinginvestor80
@buddinginvestor80, I didn't notice this. I am not tracking this stock anymore. I averaged to 821 rs and now holding this for long term (2-3+ years).
Fundamentals seem good to me.
internal_0rgan buddinginvestor80
@buddinginvestor80, 7% up today. Great move after retest
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