ALKEM trade ideas
ALKEM LAB... INTRADAY AND SHORT TERM TRADETrendline breakout... Expect a rally soon. Target 4000 plus.
Alkem Cmp 3963 dated 23.9.2021Alkem Cmp 3963 dated 23.9.2021
1. Flag BO @ 3970
2. Rectangle BO @ 3970
Buy for a tgt of 4250 SL 3880
It is just a view, pls trade at your own risk.
alkem labrotries target 4020alkem at all time high and breaking trendline on day chart, buy above 3950 and target is 4050.strong buy
ALKEM LOOKS GOODAlkem given breakout on daily chart. Good risk to reward. SL & Target mentioned on chart
Looking good!Looking good. Closed above 52W High and may soon give BO for targets 4200/4300. Keep in radar.
ALKEM ROUNDING BOTTOM BOROUNDING BOTTOM BO seen in NSE:ALKEM
can initiate long trade with SL at BO candle.
Target would be depth of Rounding bottom..
Good risk reward ratio.
SL : 3880.. short term target 4100
**EDUCATIONAL PURSPOSE
in up trend never misss such kind of patternNSE:ALKEM
HH nad HL are
so and this is HL bt not HH so keep eyses
#BuyWatchList #ALKEMCan be bought on a break above 3925 if supported by volumes. Sales have grown by more than 35% in last quarter.
Alkem Laboratories - Inverse Head and Shoulders PatternAlkem Laboratories - Inverse Head and Shoulders Pattern
Breakout
StopLoss @ 3118
Target @ 3902
[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 LAB LTD (swing)this trade is based o multi time frame analysis , its looking bullish , ENTRY above 3620 with a STOPLOSS of 3536 and can expect a target of 3825
Alkem Laboratories Ltd.NSE:ALKEM
DATE - AUG 11, 2021.
TECHNICAL ANALYSIS.
1. Stocks gives breakout of consolidation zone.(1 hrs)
2. SUPERTREND is positive.
3. ALLIGATOR is positive.
4. Stock trades above MA 21/50/100/200/250/300.
5. Stock Close Crossing 52 Week High.
FUNDAMENTAL ANALYSIS.
SECTOR: Pharmaceuticals & Drugs
1. MARKET CAP - ₹ 44,050.74 Cr.
2. P/E - 25.49
3. P/B - 5.44
4. ROE - 24.23%
5. ROCE - 23.42%
6. EPS - 144.54
7. DEBT - ₹ 1,339.16 Cr.
8. CASH - ₹ 1,673.36 Cr.
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
#education #irctc #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #tourism #fundamentalanalysis #nse #bse #supertrend #alligator #education
ALKEMLAB : bullish W pattern breakoutALKEMLAB : bullish W pattern breakout. Good momentum and trend.
trendline channel intact
ALKEMALKEM Another volume based performance this week. Can see break all the price levels mentioned before and run towards new high. Fresh entry can be made based on own risk appetite
Alkem, Breakout Possible!Rising Volumes with Retest of trendline & a possible breakout. Suggestion though, not a recommendation.
SL as per Risk appetite.
PS: Please consult your Financial Consultant before investing.
Go market side Need good support of market if market positive go for long and negative to short both directions go for. 1/3
