Alkem labs New Based Inverted HammerHello Traders,
Just for the small thing i noticed today,
Before opening bell the Zee business Researcher has Given the Trading call in Alkem labs & i was just watching the Trading session every hour cause in my watchlist through (TOP DOWN APPROACH) study .
How Does the news can influence overall sentiment of the candle, on the first hour every single person was rushing to buy it & after the 1 hour nobody seems interested in buying & holding the script.
I decided not to trade today in this stock for swing & it was a better decision hence i could wait for 2-3 more days how it reacts.
So be confident on your process.
One Process , one Coach & One Approach.
Self decision is Better than some market pandit recommendations.
Thank You.
Prince
ALKEM
Alkem Laboratories Ltd - Breakout Setup, Move is ON...#ALKEM trading above Resistance of 5578
Next Resistance is at 7474
Support is at 4565
Here is previous chart:
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.
Reversal Broadening Wedge pattern in ALKEMALKEM LABORATORIES LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 5770+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 6610+.
📈 Can Go Long in this stock by placing a stop loss Below 4200-.
Breakout in Alkem Laboratories Ltd...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.
#ALKEM LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of ALKEM on NSE
the analysis is as follows-
- The price is on a good bullish trend
- its time for price to retrace a little to refuel its momentum
- i have marked the immediate support below
- you may also do counter trade short but it would be require high cautiousness
don't play with fire, always use a predefined stoploss
ALKEM LAB LTDshare name : alkem lab ltd
call type : positional or investment
- share is forming a cypher pattern with ab=cd
and double bottom
- a good consolidation can be seen between
level 3369-2828
- 3369 is a hurdle zone for this share which
acting as a huge resistance
- we can accumulate this share around
2969(after competing of gartley in shorter
time frame )
- approachable targets 3369,3725, 3933, 4227 ++
thanks
ALKEM LAB BRAKEOUTTTTTTThis posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one trade or one day,U take average of all trades and see the average returns,I am not responsible for any kind of losses or profits u face,PLEASE TRADE ON YOUR OWN RISK.
BUY ABOVE HIGH OF BRAKEOUT CANDLE
BUY AT 3625.05
SL AT 3515.45