ALKEM trade ideas
ALKEN is trying to make cup handle patternALKEN is trying to make cup handle pattern.
Breakout is still not confirmed. currently in accumulation zone.
Target levels are mentioned in the chart.
Alkem Lab - CMP: 2894The stock has broken the consolidation zone with a good delivery volume. It's moving in a channel on a long time frame. It has given Triangle breakout inside of the channel. We can expect a Triangle pattern target of 3270 in the near term. Also, We can expect a target of 3800 in a long term.
Alkem Labs: Breakout with volume (Long) - Pharma SecotrAll levels are mentioned on the chart.
DISC: Please consult your advisor before making any bet. For educational purposes only.
its time to wake up for ALKEMNIND PURI HOGAYI ISKI....AGLE HAFTE KABHI KABHI UTHKE BHAG SAKTA HAI...FOR TARGET 3200 TILL MAY SERIES
Alkem Labs Inverse H&S BreakoutInverse Head & Shoulder & Channel breakout has occurred in ALKEM Labs today with good volume. It can be a good pick for swing trade. Accumulation can be started at 2790 till 2750 when it retests the trendline.
Note:
This is strictly for educational purposes, I'm still learning the concepts of the stock market. Do your own analysis before taking any positions.
ALKEM LAB LOOK GREAT FOR SWINGBREAKOUT IN WEEKLY AND DAILY CHARTS, BUY ABOVE 2885 WITH SL OF 2710 TARGET NEXT 4 DAILY CANDLES
Alkem Lab CnH Breakout - Long ViewAlkem Lab:
Cup and Handle Breakout & Trendline Breakout
Small Resistance at 2900, if breaks then can make new highs
Support at 2800
alkem - INVERTED HEAD AND SHOULDERS - 30MINSNote:
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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
Alkem LabsAlkem Lab . CMP : 2648
Lower levels have been invalidated by price on 24.03.2021. Now price is going up . Closure above 2700 is medium term bullish. But near term trend has become positive. A small resistance at 2700. If that is taken out then next target 2794. Near term stop loss 2627. Medium term SL : Swing low of 2540.
This chart is for educational purpose only. Do not trade or invest based on views mentioned in this chart.
[Basket] Alkem Labs Swing BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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