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MarketsWithKR
Jun 13, 2021 6:25 PM

Alembic Pharma APLLTD—good potential long? Long

ALEMBIC PHARMACEUTNSE

Description

A lot of things going on with NSE:APLLTD.

Trendline break is evident, but we can also see the stock holding well above the 50 and 200 DMAs. The volume looks very healthy, too. To add, RSI has just crossed above 60. The ~1032 level has proven to be a stiff resistance up till now.

I'm already holding this stock, so no fresh position for me, but it's definitely got my attention, now more than ever ;)

Comment

Hasn't been able to clear 1000 psych yet.
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