- 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 Ltd is into multiple businesses, pharma, real estate and power assets as well.
A debt free company.
A strong rounding bottom breakout with volumes.
Looks good at 150-155 level
Support zone is 110
Can reach 190-230-280 levels.
ALEMBICLTD is moving in HLs formation and expected to touch new high in sometime but this looks promising as per the volume spurt.
Targets are marked on trendlines with a logical SL.
NOTE: I'm not a SEBI REG. Study before investing.
A 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...
In 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 - 05.08.2022
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
If 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 📉
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...
Retraced Fib level 0.382 Level in Uptrend ; Once breakout is done Target 765.
PS Note:
This Idea is only for educational purpose; I am not SEBI registered advisor; Please enter at your own risk.
I am not responsible for any profit/loss incurred due to this Idea.
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...
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...
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...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
