I think this stock best for swing trader but very consolidation phase and also make a chart pattern so wait for good breakout then enter it Always remember our sl < target = profitable trader Thanks and comment our thoughts
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...
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...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
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 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 lab touch the support line and made double bottom in day chart.trend reversal possible
The stock has started to show positive momentum and once it crosses 50DMA line an upmove is expected. The targets are shown in chart.
Trendline Support in alkem. One can take long above 3870 1 hour timeframe candle closing.
ROUNDING BOTTOM BO seen in NSE:ALKEM can initiate long trade with SL at BO candle. Target would be depth of Rounding bottom.. Good risk reward ratio. SL : 3880.. short term target 4100 **EDUCATIONAL PURSPOSE
Alkem Laboratories - Inverse Head and Shoulders Pattern Breakout StopLoss @ 3118 Target @ 3902
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
ALKEMLAB : bullish W pattern breakout. Good momentum and trend. trendline channel intact
This is the chart of alkem labs 1 day timeframe the stock is in a channel pattern from last feburay2020 it breaked the channel is a small candle and with small volume so see the next resistance line whether it break it with a good candle enter the stock this is completely for postional view
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