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.
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
ALKEM 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
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.
After 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 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...