Alembic Ltd AnalysisKeep an eye on this stock. As it is in its support and demand zone. But trading below 50 EMA which is not good. Now it has to reverse from here to go up otherwise down move will continue.
ALEMBICLTD trade ideas
Rectangle Formation Here.To buy this to hold more than 2 weeks you need to wait for the uptrend and cross the rectangular border. If there is a chance looking for a buy tomorrow (29/7/21), then let the candle be green after 3:20pm. Then you can buy.
Summary:
Buy: if candle is green after 3:20pm, go for it at a good price.
Target 1: Just below the top border of rectangle formed.
Target 2: If you would like to hold when the candle reaches top border, trail the stoploss to just below the candle of a day before the hit to top border.
Stoploss: Just below the low border of rectangle.
Alembic LongAlembic Long
Pennant pattern found
Buy above - 135
SL- 126
Target- 149, 155
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Charts and views are only for educational purpose.
Ascending triangle breakout in Alembic1. Breakout of ascending triangle after ATH with volume
2. Consolidation after breakout with low volumes
3. High volumes before the formation of the ascending triangle
4. SL 105 wcb
5. TGT1 for short term and TGT2 for long term
Alembic on the verge of a huge upside LNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
ALEMBICLTD, watchout for breakoutBreaking trendline.... can easily raise this stock above 180 in 8 months
SL very far below 120
Stock may give breakout after crossing ₹133 level . Stock is forming symmetrical triangle.
only enter after breakout with volume .
there can be very big move after breakout
ALEMBIC LTD--> Quick 20% upside potential with breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Read chart like a PRO - ALEMBICLTD✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
# Logic = Self-explanatory ( As everything is on chart nothing much to write )
# Risk = Depends on you how much you can lose and not get sad about it
# Reward = Risk or ( Risk x 2 ) in terms of percentage
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Live Challenging Stock Market Analysis #ALEMBICLTD Buy @ 134.25Market Analysis
Live Challenging Stock Market Analysis #ALEMBICLTD Buy @ 134.25
Target1 @ 166.25
Target2 @ 205.25
#sharemarket #ALEMBICLTD #Nse #stockmarket
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SWING TRADERS - Watch out - Good above 144BO point is near. If it sustains , looks good for 160.
Chart Study , not a call
ALEMBIC Note:
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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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
