ALKEM trade ideas
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
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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alkemNote:
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Lets go to Alkem Lab!Alkem Lab engaged in pharmaceutical business with global operations and has good reputation in Pharma sector is technically now trading at it's long term Trendline and also 200 EMA, price close positive for the day as well as weekend
a very good Risk to reward which is 1:5.5 seen in this setup so sharing with u guys
if u like it pls like the post and let me know if u have any doubt
-Rv The Trader
Tools Used
Trendline
200Ema
RiskReward Calculator
short term swing trade of 18% gain buy at support sell at resistshort term swing trade of 18% gain buy at support sell at resistance
have done previous trade 3 times
can get an good high and can trade 2 to 3 times to get a good swing trade
ALKEMseems consolidation is complete
ready to give bigger break out
fundamentally strong
one can think of taking position
for EDUCATIONAL purpose only
ALKEM : Do not miss this buy 700++ pointsMy wave analysis suggest a nice buy coming soon for 700 points..
Positional trades like myself, be ready for this trade.
If any questions, do ask.
IF you LIKE my analysis, do click LIKE BUTTON, so that it reaches more traders.
Happy Trading.
Alkem lab bullishAlkem lab moving in an Ascending channel and looks gd for upside.
#positional
Buy alkem at 3006
Add in dips till 2880
Tgt: 3250, 3550, 3800+
Sl: 2580
Timeframe: 3-4 months
Inverse Head and Shoulder pattern breakout in ALKEMInverse Head and Shoulder pattern breakout happened in ALKEM daily chart . Overhead resistance was visible around 3090. However heavy volume action is not visible yet. Depending on overall market sentiment it might go up.
