Alembic Ltd - Great InvestmentMonthly Chart (For Long term investments I use Monthly and Weekly Charts)
Beautiful Rounding Bottom spanning across 3 years
Previous All Time High and Neckline breakout @128 levels
Price went up to 160 and then beautifully retested @128
Now on bullish trajectory
Monthly RSI beautifully retested 60 levels and curved up indicating bullish bias
Fundamentals are on growth trajectory
Trade Execution
Accumulate at dips from CMP of 150
Target - Rounding Bottom Pattern Target of 200
Trailing Stop Loss Weekly SuperTrend 10,3 or 10,2
Stop Loss - Monthly Closing below 128