Alembic Pharma APLLTD—good potential long?A lot of things going on with NSE:APLLTD .
Trendline break is evident, but we can also see the stock holding well above the 50 and 200 DMAs. The volume looks very healthy, too. To add, RSI has just crossed above 60. The ~1032 level has proven to be a stiff resistance up till now.
I'm already holding this stock, so no fresh position for me, but it's definitely got my attention, now more than ever ;)
APLLTD
► ADVANCE PATTERN #8: APLLTD ◄► ADVANCE PATTERN #8 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
▣ Key Highlights:
➨ Rounding pattern of 1 Year
➨ Cup with handle
➨ Inverted Head and Shoulder
➨ MA 100 Resistance
➨ Double W pattern
➨ Unique Confluence
📌 Levels are;
Entry: ▲ 1000
SL: ☢ 950
Target: ➚ 1111/1212/1313
RR: ☈ 1:4
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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APLLTD DOUBLE BOTTOMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Alembic Pharma Swing TradeAPLLTD seems to have stopped its downward trend and ready for a long position.
TGT 1- 980
TGT 2- 1000
SL- 880
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
APLLTD Upmove incomingNSE:APLLTD Scrip has shown consecutive higher highs & lows, at the same time broken out with good vol. & strong bullish candle. The length of the pattern ie., 1065 can be a technical target. Move can start above 1000.
Disclaimer: This analysis is meant purely for educational purposes & feedback is always welcome. Please do your own analysis before putting down your hard-earned capital.
Thank you.