Alembic Pharma Swing Long Setup- Alembic Pharma is currently trading at 1242
- Alembic Pharma is compressing and I think it can shoot up more
- The Pharma Index has been outperforming for weeks and I think it still has a lot of upside to move up
- 1177 can be a very good zone to look for longs and if you are looking for swings
- Invalidation below 1120 manage risk
Alembic
Weekly Long Setup in Alembic LtdA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:ALEMBICLTD
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- possible Positive MACD Crossover
Disclaimer: This is for educational purpose only.
ALEMBIC Ltd breakoutIn this level 95.90 is a resistance. 3 times price goes but failed on the next day. Now scenario is different. In 1 day time frame 1 red candle close at 95.95. and next day a big candle was generate. You can wait for 1-2 days.
If price near and between red spot don't take any position. If price close above red rectangle area then take a position and enjoy the move.
APL Ltd - 05.08.2022APL Ltd - 05.08.2022
The stock is trading @ 672.65 levels
The stock is at it's SUPPORT Zone of 670 levels
There is a BULLISH HARAMI in Daily Chart
The Monthly Chart looks good (MACD Bullish Divergence)
Let the prices go above 691 for initiating a fresh BUY Position with SUPPORT @ 666
Watch out for the price action
Alembic Ltd Double BottomIf Breaks Then The Targets can be Taken at 85.35 and 78.70 .
Time Frame :- 15 min
Patterns Name :- Double Bottom
Symbol Name :- Alembic ltd
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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Alembic Pharma Chart Analysis !!📈 Alembic Pharma 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above Feb, March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 806 and 841
SL- 739
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Alembic Pharmaceuticals is preparing for Rs. 140+Alembic is having a double zigzag( W-X-Y) correction of wave ((4)).
Price is stuck on the ending diagonal of wave Y.
According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more .
However, the price must confirm the trend by breaking the wave (X).
In case if price breaks the low of wave Y, it can fall up to 79 .
At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.
Alembic in a good support zone🍂Alembic Ltd
cmp 121
sl 117
expecting trend reveral
first trgt 140-200++
Why was it selected❓
🔹Company is almost debt free.
🔹Company is expected to give good quarter
🔹Technically looks good.
🔹The stock was in a good support zone & expecting reversal.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
Alembic is dealing in Active Pharmaceutical Ingredient (API) Business and Real Estate Business.
Thank You.💚
Like🔹Comment🔹Suppor
Alembic on the verge of a huge upside LNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Read chart like a PRO - ALEMBICLTD✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
# Logic = Self-explanatory ( As everything is on chart nothing much to write )
# Risk = Depends on you how much you can lose and not get sad about it
# Reward = Risk or ( Risk x 2 ) in terms of percentage
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
ALEMBIC Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Breakout In Alembic PharmaDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a fresh Breakout generated in Alembic pharma. With double bottom pattern. And looking good above 990.
Next levels as below :-
Upside levels :-1037 --- 1084 ---1144
Support levels is around 970.
Thank you !!😊
ALEMBICLTD Trend BendsALEMBICLTD is buy above 138.3 for the target of 150.
But there is PRZ . It will reverse from that PRZ zone mentioned in the chart.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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