ALKEM LAB BULLISH BREAKOUTALKEM LAB LTD
Bullish Breakout
Bullish Divergence
Crossed 200 EMA after Long period of Time.
One can go long at 3500 level.
SL 3350 Or 200 EMA.
ALKEM trade ideas
ALKEM - Retest & Reversal + Bullish Engulfing @Crucial level The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Positional or Longterm Opportunity in Alkem LabGo Long above 3389.9 for Targets of 3671.95, and 3954 with SL 3107.85
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.382 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
#ALKEM#ALKEM
CMP - 3176
Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
ALKEM Trade Setup For TomorrowALKEM Formed Descending Triangle Pattern wait for proper breakout and retest and based on that, one can look for entries.
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ALKEM LAB MAY MOVE either wayAlkem Lab
Following beautiful Descending Channel Pattern
In between Symmetrical triangle Pattern is also emerging.
Can Go both Way after B/O or B/D
keep close watch
good for learning purpose
mcpricaction
Alkem - Support of 50 EMA on weekly time frameOn weekly time frame, Alkem has been taking support from last 2 months. Trade can be executed now with 5% SL (i.e.) closing below 50EMA on weekly time trame and target of near high swing i.e. 4040. A trade with R:R of 1:3
Alkem Lab. - 1 hour Analysis Buy only above 3460 closing basisAlkem Lab. - 1 hour Analysis
Buy only above 3460 closing basis or above white line (Candle closing basis)
Targets 3530- 3570-3620- 3670-3710-3740-3765+
sl below 3345 below candle closing basis
Trend line break out : ALKEM LABDear Friends
Watch trend line break out of ALKEM LAB . if ALKEM LAB break and sustain 3580 level then it will touch 3680( Target 1) and 3800 (Target 2)
Wait for 3580 level..
All level mentioned on chart for your reference.
Regards
Kirit Chavda
Alkem laboratoriesNot a call but a potential chart. Looks good at cmp 3530..buy for a target 3650 in a few days.
Trade at your own risk.
alkem shorting ideaplease refer the chart .
Gratify if you appreciate the practice then you can like it, share it and
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Stay safe.
ALKEM LAB UNDER BEARISH. TARGET 3356ALKEM LAB under bearish. Strong bearish closing from the previous day. Target 3356
Long Alkem Lab...High Probability SetupAlkem Lab
NSE:ALKEM
Cmp - 3683
Stop - 3600
Expectation -
T1 - 3785
T2 - 4000, Review at 4000
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
[ INTRADAY ] ALKEM LONG BETrisk: 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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BULLISHBullish on the stock for swing trading.
Based on BB and trend line. Buy only if take support on 20 ma (simple ) for confirmation
Alkem lab trend lineAlkem lab touch the support line and made double bottom in day chart.trend reversal possible
Long opertunity in Alkem1. Reversal from 200 EMA
2. Short term trendline breakout
3. MACD crossover
SL : Swing low
R:R : 1:1.5
A good short entry for alkem labTarget of 2780 feasible for as of now on alkem labs short traders enjoy a 19% decline
Alkem- Looks good for reversalAlkem is taking support at last breakout on weekly timeframe. Volumes were significantly higher since Pharma sector will now be flavor. This could give around 15-25%(depending on market condition.) RS is still +ve and RSI is in oversold zone. We can see a pullback.
SL should be around 3100(WCB)
Alkem LabThe stock has started to show positive momentum and once it crosses 50DMA line an upmove is expected. The targets are shown in chart.
#ALKEMHow fast you change with the trend is based on your understading of the concept.
Illutsrations on how live indicators help assess and make judgements just in time.
3747 to 3283
