ALKEM
ALKEM LAB Looking good above 3270In this, price formed a descending triangle pattern if it will break out then we can expect a up move.
Alkem Pharma Buy for a target of 3327Sentiment: 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.
Breakdown in Alkem Laboratories...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.
alkem18/4 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 Chart Analysis !! 📈 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 in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ALKEM Trade Setup For TomorrowALKEM Formed Descending Triangle Pattern wait for proper breakout and retest and based on that, one can look for entries.
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ALKEM LAB MAY MOVE either wayAlkem 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
Long Alkem Lab...High Probability SetupAlkem 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
Alkem 4H TFTrendline Support in alkem. One can take long above 3870 1 hour timeframe candle closing.
Another Triangle - ALKEMLot of triangles I see which can be traded for next trading session.. Good intraday opportunity.
ALKEM LAB LTD (swing)this trade is based o multi time frame analysis , its looking bullish , ENTRY above 3620 with a STOPLOSS of 3536 and can expect a target of 3825
ALKEMALKEM Another volume based performance this week. Can see break all the price levels mentioned before and run towards new high. Fresh entry can be made based on own risk appetite
Alkem, Breakout Possible!Rising Volumes with Retest of trendline & a possible breakout. Suggestion though, not a recommendation.
SL as per Risk appetite.
PS: Please consult your Financial Consultant before investing.
ALKEM looks bullish - Target 3310After taking support near 50 EMA (1), ALKEM started moving up. After a minor pullback for 2 days, it has started moving up again. Look for targets of 3210, 3255, and 3310 in the next few trading sessions.
Alkem lab Ltd - Weekly BreakoutAlkem Lab has given a very good bullish signal and a breakout from the parallel channel pattern trap (August 2020 - June 2021) for past 11 months
Its a good stock for a short term trading
The Stop Loss for any conservative trader is 3028
The Target is 3678
After reaching our target, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** Its just for an educational purpose and so you must also follow your own technical analysis too ******
#ALKEM.. Next in sight - 3800??Trading in parallel channel for a year..
Finally a bullish BO and retesting of support levels..
Targets based on Fib levels .. there can be easily 15-20% profit here..
Alkem LabsAlkem Labs closed yesterday above one year high at 3197.25 and it has crossed the resistance and we could expect a target of above 3300 .
RSI is Bullish at weekly and daily
