reviewing NSE:ALPA chart posted on 6th Aug 2023 when the price was 76.90 it made high of 106.60 giving splendid 38% gains till now this analysis is for knowledge sharing and educational purpose . this post is not a buy or sell recommendation. link of 6th Aug 2023 post given below
Breakout done with big Volumes. CMP : 79.40 Accumulate till 72 Target : 92++ SL : 70 WCB Only for educational purpose. Not a recommendation.
Its a good penny stock for long term investment as well. Shor term targets and support levels marked on the chart.
Reason: Exhaustion of down trend along with sideways. Timeframe : By year end 2016.