Disclaimer :- 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...
Buy at CMP or if it retraces Bullish Stock for quick gains SL 117 levels
Alembic ltd 1 hour breakout candidate. if holds on above 129 on clb. Looks good for swing plyers.
NSE:ALEMBICLTD should test the channel it broke out from. Rs115-Rs120 should be a good buying level with a medium term target of Rs250-Rs300.
A good breakout on Alembic Limited. Can the stock sustain it and continue its upward journey is yet to be seen. The Stop Loss should be kept at Rs.120
ALEMBICLTD: Watchout for Triangle Breakout
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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
* My favorite set up when price consolidate near 200 Day SMA and breakout any chart pattern ( In this case symmetrical triangle ) with high volume with any bullish candlestick pattern near the breakout level (In this case Bullish Marubazu) . Kindly Let me Know if you have any questions. Thank You
Triangle formation ..volume increased yesterday. watch it
Alembic Pharmaceuticals likely to shoot up from the above mentioned area. Good risk to reward