Alembic Ltd
cmp 121
sl 117
expecting trend reveral
first trgt 140-200++
Why was it selected❓
🔹Company is almost debt free.
🔹Company is expected to give good quarter
🔹Technically looks good.
🔹The stock was in a good support zone & expecting reversal.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
Alembic is dealing in...
Keep 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.
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:...
Alembic Long
Pennant pattern found
Buy above - 135
SL- 126
Target- 149, 155
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
1. 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
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...
The 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.
