Alembic Limited - Breakout Setup, Move is ON...#ALEMBICLTD trading above Resistance of 147
Next Resistance is at 196
Support is at 100
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ALEMBICLTD
Weekly Long Setup in Alembic LtdA 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 Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- possible Positive MACD Crossover
Disclaimer: This is for educational purpose only.
ALEMBIC Ltd breakoutIn 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.
Alembic Ltd Weekly Analysis for Long duration NSE:ALEMBICLTD Weekly Analysis for long period
Trendline Breakout and sustained above strong support with LH LH structure
Buy Above 77 only of it sustained and give clear breakout with SL of 65 Strong Support as it was strong resistance since the beginning of its launch (1999).
T1 85
T2 98
T3 115
ALEMBICLTDALEMBICLTD:- Rounding bottom pattern has been made, breakout has also been given, but if you want to plan something, then wait for retesting and plan something only after that. keep eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Alembic Pharma Chart Analysis !!📈 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 Before Taking Any Decision On This Analysis.
Alembic Pharmaceuticals is preparing for Rs. 140+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 breaks the low of wave Y, it can fall up to 79 .
At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.
Alembic in a good support zone🍂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 Active Pharmaceutical Ingredient (API) Business and Real Estate Business.
Thank You.💚
Like🔹Comment🔹Suppor
Live Challenging Stock Market Analysis #ALEMBICLTD Buy @ 134.25Market Analysis
Live Challenging Stock Market Analysis #ALEMBICLTD Buy @ 134.25
Target1 @ 166.25
Target2 @ 205.25
#sharemarket #ALEMBICLTD #Nse #stockmarket
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