📈 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...
APLLTD Buy-Above 750 Sl-720 T-820 850 870+ The stock has created a bottom and higher high formation is going on hourly TF. This is a reversal trade.
Retraced Fib level 0.382 Level in Uptrend ; Once breakout is done Target 765. PS Note: This Idea is only for educational purpose; I am not SEBI registered advisor; Please enter at your own risk. I am not responsible for any profit/loss incurred due to this Idea.
Alembic pharma taking support near 720 if respected, then ready to go towards 900
Alembic Pharma NSE:APLLTD Cmp - 806 Stop - 750 Expectation - T1 - 920 T2 - 1050, Review at 1050 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment
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...
Alembic Pharmaceuticals Ltd - 10.12.2021 The stock is trading @ 810 levels There is a strong resistance @ 825 levels prices are above ema stochastic overbought in weekly chart there is a DOJI in weekly chart Let the prices go above 827 watch out for the price action
Alembic Pharmaceuticals Ltd - 06.12.2021 The stock is trading @ 805.50 with a day's high of 825 The stock is trading under a channel range Prices are above EMA Let the prices go above 817 Watch out for the price action
Currently Alamebic Pharma in Buy zone for short term trade (1-2 weeks) CMP - 135.65 Currently in Buy Zone Target1 - 156.65 SL - 126.9 R/R = 2.47
Pure price action based video on APLLTD
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Stock is taking support at levels , where it earlier was taking resistance. If these levels are held, stock might move higher. And there is also a probability of Gartley pattern.
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...
Mentioned in charts
-- 200 DEMA, Positive Divergence, W Pattern -- Buy @ BO above 945 Targets - 1030, 1110 SL closing below 200 DEMA - 920