NSE: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...
will reverse in trend after 900 closing only , till then extremely weAK
will like to stay short on rally in this counter at levels
Alembic Pharma has been in a down trend for a few years, currently testing the upper edge. Awaiting a breakout/Reversal on account of results.
Seems 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.