Alembic Pharma - Cup and HandleAwaiting a breakout soon.
Took support at the Golden Ratio.
Entry should be above 1129.
Keep a Stop loss based on your risk appetite.
I see initial targets of 1300-1370.
Alembic
Channel Break down and Possible H&SUpper Channel Break down and Possible Head and Shoulder formation
Alembic Pharma: Trending higher for a new ATHThe stock was in corrective mode while all other pharma names were making new highs. It gave good Q1 results. 2 new plants are getting operational soon which should provide operational leverage. Very positive for long term. In terms of technicals, it gave strong BO from its falling trend channel and is now making higher highs. With the RSI also trending higher, the stock should reach ATH soon. Plan to add more in coming days.
Alembic ltd. buy signal Simple trend line analysis for Alembic ltd. cleary showing bullish trend so this is a very good buy opportunity.
Buy at - 109
Stop loss - 98
Target - 130
Note:- (only for education purpose and demo trading)
ALEMBIC: BULLISH Third of third wave has been completed. The stock is ready to give upside rally again after the 4th of 3rd wave completion that can lead the stock to travel into four digits price territory.
iPick # 1, Alembic Ltd - Long Term InvestmentNSE:ALEMBICLTD
Reasons:
1. This stock has been in the sideways movement since last 6 years
2. Upper Channel Breakout
3. The same Breakout can be observed in RSI Trendline
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose. I have vested interest in this Stock as it is part of my Holdings.
Sun Pharma Wave Analysis updateMinor five waves of bigger wave 1 has been completed, shall be followed by correction for the given targets.
Alembic Pharma Long Term IdeaNSE:APLLTD
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.
ALEMBIC Pharma Wedge BreakoutAlembic Pharma has been in a down trend for a few years, currently testing the upper edge. Awaiting a breakout/Reversal on account of results.
ALEMBICSeems an interesting setup on the weekly charts, after a nice bounce last week on decent volumes.
A close above 48-49 can possibly bring in some momentum too.
No position yet. Will keep a watch on this though.
