Facing Resistance
1. Trendline resistance - 780
2. Bollinger Bands - 781
Risk traders can short at CMP with a SL of 785
Waiting for a confirmation on 07th April 2022.
Disclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a fresh Breakout generated in Alembic pharma. With double bottom pattern. And looking good above 990.
Next levels as below :-
Upside levels :-1037 --- 1084 ---1144
Support levels is...
In the 45min(scalping group), price action bounced down from the basis(the green dotted) indicating a fakeout. I think it will bounce down until 27K possibly 24k(basis in the weekly timeframe) and form a new trading range. I cannot comment on whether it may bounce up on resume downward motion, but I'd say the odds are that we go down.
Note: if we go down below...
