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...
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 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
ALKEM LOOKS GOOD ABOVE 3220 TILL 3700 WEAK BELOW 3120
The market structure is Bullish and the price is giving a retracement to the previous flip zone. Price has been testing the previous supply zone which is now turned into a demand zone. This zone has a confluence with 0.618 Fib and the 200MA. Targets: 3083, 3143 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This...
ALKEM SUPPORT : 2538 Resistance : 3090 -3095 This is for Education Purpose Only
ALKEM #ALKEM looks to be a eligible counter for breakout above 3175 The volume support has been increasing in the recent past The counter has making highers highs for while now and nearing its recent BO point Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
At All-Time High, Alkem provides a perfect breakout opportunity where it had retested several times. With good vol and double bottom pattern at support, this stock perfectly blends all the price action. Book your profit according to your Risk Reward.
bearish alkem inverted w breakdown , supported with volume
NSE:ALKEM Entry above 3010 SL 2975 TARGET 3055, 3085 Price volume and momentum showing good strength Disclaimer - This is our personal view and this analysis is only for educational purposes. Please consult your advisor before investing or trading. You are solely responsible for any decisions you take on basis of our research.
Volume building up after real long consolidation looks like its going to fire now
The stock has broken the consolidation zone with a good delivery volume. It's moving in a channel on a long time frame. It has given Triangle breakout inside of the channel. We can expect a Triangle pattern target of 3270 in the near term. Also, We can expect a target of 3800 in a long term.
All levels are mentioned on the chart. DISC: Please consult your advisor before making any bet. For educational purposes only.