Alembic Pharmaceuticals likely to shoot up from the above mentioned area. Good risk to reward
We may see Levels of 92 in Alembic in coming days
Entry and accumulation level=96-104 Targets-108,112,120 SL-92,83 trade@own risk .
It has made a bullish harmonic butterfly in daily time frame. It could retest 950/1025, above that a new high. View negates below 865. Stock is coming into derivatives from March Series onwards.
APLLTD seems to have stopped its downward trend and ready for a long position. TGT 1- 980 TGT 2- 1000 SL- 880 PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
IT MAY FACE 1070 LEVEL AS RESISTANCE RESPECTIVELY. (THAT IS 78.6 FIBO LEVEL) POSSIBLE TARGETS ABOVE 107O: 1) - 1125 2) - 1290 NOTE: This Analysis Based On 1 Week Time frame, Targets May Achieve Within Period Of 3 to 6 Months. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
ALEMBICLTD cmp:106.35 on 28/12/2020 - BEST BUY @ 100.76 / 101.33 with SL 92.27 for trgt1/trgt2 as 115.22/124.28
Alembic pharma is one which i would choose in my portfolio to be, why? The reasons i have mentioned in green label and only being one down side the promoters holding the financials are really pleasing profits turns out to be good, similar if we see other companies in comparison (i.e- Torrent pharma) the current trading price is really undervalued. As for trading...
Awaiting 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.
The 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,...
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)
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.
Alembicltd 84.70#RasmeetTradingDesk#3BarDecider
strong momentum for short and long term
NSE: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....
Technical Trade - Powerplay
Minor five waves of bigger wave 1 has been completed, shall be followed by correction for the given targets.