ALKEM trade ideas
ALKEM LTD SWING TRADE IDEA .STRENGTHS AND OPPORTUNITES
1. Strong Momentum: Price above short, medium and long term moving averages.
2. Company with high TTM EPS Growth
3. Growth in Net Profit with increasing Profit Margin (QoQ)
4. Company with Low Debt
5. Increasing Revenue every quarter for the past 2 quarters
6. Increasing profits every quarter for the past 2 quarters
7. Book Value per share Improving for last 2 years
8. Company with Zero Promoter Pledge
9. FII / FPI or Institutions increasing their shareholding
10. Near 52 Week High
11. Positive Breakout First Resistance ( LTP > R1)
12. Brokers upgraded recommendation or target price in the past three months
13. Results Screener: Stocks with upcoming results which are seeing positive shifts in share price.
14. RSI indicating price strength
BIG SHARK INVESTORS
1. ICICI GROUP 2.25%
2. HDFC GROUP 1.44%
ACTION PLAN
BUY ALKEM LTD if the stock closes above 5146.85
DISCLAIMER
The content above is solely an opinion and not financial advice. It is provided for general informational purposes, and any reliance on it is at your own risk. Consult with a qualified financial advisor before making any investment decisions. The author is not liable for any errors, omissions, or losses arising from the use of the information. Investing involves risk, and past performance is not indicative of future results. By reading the content, you agree not to hold the author responsible for any actions taken based on the information provided
Alkem Labs - Cup & Handle Breakout!!!Happy Diwali to all !!!!!
Alkem Labs has broken the neck from a cup &handle pattern. On daily basis it has shown 2 green candles post the neck breakout. We can expect a rise in price up to 30-35%. Other parameters:
1. RSI is above 60
2. MACD is making green histograms
3. Volume looks good
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
Alkem Lab Break previous High With good Volume.Alkem Laboratories is engaged in pharmaceutical business with global operations. The Company is engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.
Revenue from Operation grew by11.7% YoY during thequarter, with EBITDA margin of 21.7% and Net Profit margin of 18.0%.
Highest Quaterly revinue of 3440 Crore, And highest net profit of 615 crore in sept quater.
Alkem stock has been stretched itself Alkem stock as been stretching itself to very high extend without giving proper pull backs or retracement it needs some time to cool done the previous trend so my view on this is neutral to bearish for short term atleast near to the 200 EMA
Disclaimer:
The content provided in this video is for Educational purposes only and should not be considered as financial advice. I am not a registered financial advisor, and the information presented here is based on my personal opinions and research.
Investing in the stock market involves risks, and past performance is not indicative of future results. The financial markets are subject to various factors that can impact stock prices, and it is important to conduct your own research and consult with a qualified financial professional before making any investment decisions.
I do not guarantee the accuracy or completeness of the information provided in this video, and I disclaim any liability for any loss or damage that may arise from relying on the information presented. It is crucial to consider your own financial situation, risk tolerance, and investment goals before making any investment decisions.
I may have positions in the stocks mentioned in this video, and my interests may conflict with yours. It is important to be aware of potential conflicts of interest and to make investment decisions based on your own independent judgment.
Always seek the advice of a qualified financial professional before making any investment decisions. The content in this video is not intended to be a substitute for professional financial advice, and I encourage viewers to do their own research and/or consult with a qualified financial advisor.
You are responsible for all the risks and financial resources you use and for the chosen trading system.
You should not engage in trading unless you fully understand the nature of transaction you are entering into and the extent of your exposure to loss
All trading strategies are used at your own risk.
ALKEM ABCD# ALKEM LAB #
# SHORT TERM VIEW BEARISH #
# SELL - 5238 : 5312
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
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
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.