Alkem Cmp 3552 Reversed from supportAlkem Cmp 3552 dated 9-10-2023
1. Reversed from Support
2. RSI BO
Buy above 3560 target 3600-3650-3700-3750
SL 3475
It is just a view, please trade at your own risk.
ALKEM trade ideas
Cup pattern breakout on monthly chartCup pattern breakout on monthly chart with good volumes.
Stock has been in uptrend from the time of its launch.
Breakout in Alkem Laboratories Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#ALKEM LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of ALKEM on NSE
the analysis is as follows-
- The price is on a good bullish trend
- its time for price to retrace a little to refuel its momentum
- i have marked the immediate support below
- you may also do counter trade short but it would be require high cautiousness
don't play with fire, always use a predefined stoploss
Trend line breakout.Can go longTrend line breakout with good volume increases buying opportunity from here towards the target level as mentioned, may also fakeout.so,keep stoploss accordingly.
ALKEMALKEM: Looking Good
2 Years & All Time High & Bullish Breakout Above 4070
Rounding Bottom Pattern Breakout Above 4010
Buy Above/CMP 4099 Add Every Down Stop-Loss Closing Below 3850 (Safe) 3600 (Risky)
Targets 4350-4600-4850-5100+++
Positional Call
ALKEM Gaining StrengthAlkem is gaining strength and RS has turned positive along with RS Average has also started rising. Looking at current breakout price may test breakout range again which may cool of RS somewhat and retest Smoothening RS average line too. A partial entry can be made right now with target to average if price falls and sustain within buy range. If price close below Buy range on weekly basis it will be considered as Exit from trade as SL.
Alkem-ready for 6500Alkem Lab has given a weekly breakout of rounding bottom, this could head towards 6500 levels.
Alkem Labs: Showing positive momentumAlkem Labs: Showing positive momentum
Given TL breakout, with good volumes
Good Above 3658
Targets: 3695/3725/3744
Possibility of TL testing, So enter cautiously
SL : as per Risk management
Disclaimer: Im not SEBI registered, contact your financial advisor before any investment.
ALKEM LAB LTDshare name : alkem lab ltd
call type : positional or investment
- share is forming a cypher pattern with ab=cd
and double bottom
- a good consolidation can be seen between
level 3369-2828
- 3369 is a hurdle zone for this share which
acting as a huge resistance
- we can accumulate this share around
2969(after competing of gartley in shorter
time frame )
- approachable targets 3369,3725, 3933, 4227 ++
thanks
Breakout - Alkem LabsAlkem lab has given breakout strongly on weekly chart can buy on CMP or in retracement till 3290 for price target of 3565 & 3625 for a stoploss of 3175.
PS - THIS IS JUST FOR EDUCATIONAL PURPOSE, PLEASE TRADE ON YOUR OWN RISK AND AFTER CONSULTING YOUR FINANCIAL ADVISOR
ALKEM - Weekly AnalysisIn the Weekly Chart of ALKEM ,
we can see that; it has made a Decision making Candle at Trendline.
Enter on breaking its High with low as SL.
Alkem - Long 3800Alkem is finally out of consolidation and now showing signs of bullishness. In short term we can see 3500,3600,3700,3800 in this stock in coming week and next month.
PLEASE NOTE :- This is not an advise to buy or sell this is my prediction and I can be wrong as well so please do your own analysis and then trade.
Golden Retracement
Time Frame = 1 Day
Short below the low that is 3374.8
Stoploss - 3626
Target - 3191
Quantity as per your risk
history on repeat modeALKEM is forming a cup on weekly chart around the corrections from top, recently it has broken falling trendline and made a higher low, look for trade till cup completion and later follow price action to hold.
ALKEM LAB LTD: Get in on the Action Now!NSE:ALKEM has recently breakout its resistance level 3300, indicating a potential uptrend.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 3430-3460, with target levels at 3640 and 3945. It is important to note that trading carries a risk of loss, and a stop loss at 3300 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
Buy ALKEM @ 3420 Target 3620"Delivery Idea 15-05-23
ALKEM (CMP: 3424.95)
Buy Above: 3420
SL Below: 3375
Target: 3620"
ALKEM NSE:ALKEM
Date : 11/05/2023
Chart Pattern : Wolf-E-Wave Pattern.
Time Frame : Daily
CMP : 3572
View : Bearish
Targets : 3490 (7 days)
Stop Loss Level : Closing Below 3620
Disclaimer.
I am not sebi registered analyst.
Charts and levels are posted for Educational Purpose only it's not Recommendation. Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
ALKEM LAB BRAKEOUTTTTTTThis posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one trade or one day,U take average of all trades and see the average returns,I am not responsible for any kind of losses or profits u face,PLEASE TRADE ON YOUR OWN RISK.
BUY ABOVE HIGH OF BRAKEOUT CANDLE
BUY AT 3625.05
SL AT 3515.45
ALKEM LAB BREAKOUTTTTTTTTTTTBUY above high of breakout candle of alkem lab with 1:2 minimum take profit
ALKEM for swing tradeStock looks good at the support levels. Good volume and price action for swing. Check chart for target.
Alkem Breakout Waiting Alkem Lab after breaking a down trendline resistance doing consolidation in a parallel channel so after a break of this channel we will consider as a good breakout and will go long for the target of 3726.
