Gartly harmonic pattern reversal, Just harmonic pattern conformation, Low quantity++--
share 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...
One Can Buy Alkem lab Stock As Per the analysis like where does it gives breakout or break down . thank you
Alkem despite market being bearish this stock has managed to hold its levels and if it gives BO and the levels that i have marked it will sky rocket buy side recommendation do your own research.
Support at previous high helped the stock move up in momentum Turned positional!
Alkem now turned Positional during Intraday session! In Q1 RRG
In this, price formed a descending triangle pattern if it will break out then we can expect a up move.
Sentiment: Bullish From these levels the stock can show the targets of 3327 Analysis: 1. Bollinger Bands are squeezed and the breakout of the upper band. 2. Rsi is above 60. 3. Macd is bullish crossover.
Stock Name: #Alkem Action: Short Entry: Below 3086 SL: 3116 Target: 2996 NSE:ALKEM
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. 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.
18/4 educational purpose only alkem sell at cmp or sell on rise around 3450/3475 (20ma/hourly 3474.55) cmp 3429.10 sl above 3510 target 3300 / 3225 candles have broken the supporting line of the symmetrical triangle pattern on daily charts.
📈 Alkem Lab Ltd. 📉 Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis. On Buy Side I am looking for Targets of 3750-3800 zone followed by 4000-4050 zone. StopLoss should be kept in 3375-3425 zone. It offers 1:4 Risk To Reward. All Important Supports and Resistances are drawn...
ALKEM Formed Descending Triangle Pattern wait for proper breakout and retest and based on that, one can look for entries. Please HIT the like button, this motivates us to make more such analysis. For more such trading content follow us on ( @tradechefofficial )
Alkem Lab Following beautiful Descending Channel Pattern In between Symmetrical triangle Pattern is also emerging. Can Go both Way after B/O or B/D keep close watch good for learning purpose mcpricaction
Alkem Lab NSE:ALKEM Cmp - 3683 Stop - 3600 Expectation - T1 - 3785 T2 - 4000, Review at 4000 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment
Trendline Support in alkem. One can take long above 3870 1 hour timeframe candle closing.
Lot of triangles I see which can be traded for next trading session.. Good intraday opportunity.