Trend line Story of the stock : Currently stock at consolidation zone if it breaks upper trend line it will fly till 3564 then it will face resistance near to that horizontal line
ALKEM trade ideas
alkem Long rally loadingAlkem despite market being bearish this stock has managed to hold its levels
and if it gives BO
and the levels that i have marked
it will sky rocket
buy side recommendation
do your own research.
ALKEM - Inverted Hammer with VolumesNSE: ALKEM is closing with an inverted hammer candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Now it wil be rocketIt hit 4000 which best for swimming trade. If Pharma nifty will increase it will increase.
ALKEM - SWING TRADE SET-UPAlkem looks good for swing Trade
He breaks Flag and pole pattern on Weekly time frame and also maked double bottom pattern
It's good for buy above if sustain then Buy 3250-3255 in this Rang
Disclaimer:- Fundamentally this stock is not good so don't invest more .
This is only for educational purpose
ALKEM LAB Looking good above 3270In this, price formed a descending triangle pattern if it will break out then we can expect a up move.
Symmetrical Triange formation in ALKEMThis post is on for knowledge purpose. Kindly do your own analysis before taking any trade.
AKLEM broke the long term symmetrical triangle pattern with good volume.
One can short this below 2930
Target: 2580
Stoploss: 3050
ALKEM LABORATORIES CORRECTION OVERThe stock has stopped making new lows.
As a trader can play for a target of 3600 in some weeks.
As a invester you can start accumulating the stock.
For both investor or trader keep your SL at 2850.
We can see some hurdle at the trendline show on the chart but once that broken It will start new journey on the upside.
Alkem for swing trade (Read description properly)Alkem swing trade:-
1.As you can see rounding bottom has formed and it is about to give trendline breakout (wait for proper breakout) but on 09 sep you will notice selling came from upper level and it is little streched if you see past days back to back green candles.
2.So plan to buy either on pullback or retracement from 3265 or if it gives bounce from trendline after retesting it.
3.Keep your 1st target-3600 then between 3680 -3700.
Hope you liked this. And do give me suggestion or feedback if u liked this or not.
#keep it simple.
disclaimer: this is not buying selling recommendation its only for educational purpose.
Alkem Pharma Buy for a target of 3327Sentiment: Bullish
From these levels the stock can show the targets of 3327
Analysis:
1. Bollinger Bands are squeezed and the breakout of the upper band.
2. Rsi is above 60.
3. Macd is bullish crossover.
Shorting Opportunity This scrip is expected to give break down in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Falling wedge pattern in ALKEM.Discription:
Stock Name: ALKEM
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Breakout Entry : above 2930+
Breakout target : 3056+
Alkem (charts always gives advance notice)Crucial support 2943. June Qtr OPM is lowest in many years, fell from 22% last year same time to 8%.They may be facing big competition in the product category/higher operating cost. Just for information no reco.
ALKEM Short SellALKEM gave a Weekly Breakdown @ Rs. 3000 with good volumes, Retesting can be seen again around Rs.3000, which gives an opportunity to short between Rs.3000-3040. ALKEM might give immediate Target of Rs 2800 either by Gap Down or as per setup.
Disclaimer: I am not a SEBI Registered Analyst, the views declared are of my own and for educational purposes only. Kindly consult your financial advisor before investing.
[POSITIONAL] ALKEM LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell 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.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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ALKEM: Go LongALKEM: Gearing for Jump. Ascending Triangle pattern visible.
Buy above 3205
T1: 3272 & T2 3302
Intraday: Trailing SL
Note: Consult your financial advisor before taking any Traders.
Follow Risk Management
Sell Alkem LabWeekly Inverted Candle with Trend Line Broken so its confirm for sell
Weekly MACD down from this candle
Daily Stochestic Down from this candle
Big Bearish Candle form on Daily Time frame
Daily time frame volume is ok
EMA combination also confirom
0.038 retracement
alkem lab shortwedge breakdown short till the next swing low
indian pharma companies facing pricing pressure
despite great quarterly results from the CDMO business Alkem Labs showing bearish price
the reason for the trade the recent breakdown had tremendous strength in it
Breakdown in Alkem Laboratories...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
