ALKEM trade ideas
alkemNote:
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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.
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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.
ALKEM- VOLUME INCREASE NOTICEDAlkem is showing volume increase , looks like a major breakout is on cards.
for education purpose only.
ALKEM - Ascending TriangleAscending Triangle forming on Daily Chart of ALKEM LABS. BUY 3000.1, SL 2849.9, Target(s) - ATH, 3150, 3200. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
alkem - head & shoulder pattern formationlooks like alkem is ready for a good breakout - above 3030 levels. after head & shoulder pattern formation - target 3300
ALKEMALKEM Weekly RSI close above 55 + daily RSI > Weekly RSI + Daily ADX > 25, Momentum may be continuous from here. exit - Close below EMA_34 or Daily RSI close below 45 or Daily ADX close below 25.
#alkem Possible ExitIf one looks at daily, clear exhaustion of momentum. Similar pattern one can see on weekly 2017-2018. Used harmonics ( I do not what one calls it , to me all looks same , BAT, Butterfly - have mirror wings) to a more comfortable collction range.
channel is LT so a stock like could be a looked as investment.
Levels are determined as chart is showing and tools calculating, interpetation is mine.
not a suggestion nor a recommendation. NSE:ALKEM
Good upside potential in ALKEM LABSI have observed that short term moving average is going to cross medium term moving average and now stock is yet crucial resistance levels. So once it sustains 3000 to 3300+ can be seen in short periods.
