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Alpa Laboratories Limited

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Alpa Laboratories: Retest of Breakout Line with Strong RSIStock: Alpa Laboratories Ltd. Analysis: Alpa Laboratories is retesting its breakout line (uptrend resistance line) on the weekly chart, a critical level that could act as support. If demand emerges at this level, the stock has the potential to stage up to ₹144. and then later on more Additional Strength Indicators: RSI: Momentum remains strong, supporting a potential rebound. LPS TSS Indicator: Buy signal triggered on the hourly timeframe, suggesting near-term bullishness. Fundamental Highlights: Quarterly Net Profit: ₹8 Cr, reflecting a 32.9% YoY growth. FII/FPI Holdings: Increased from 0.36% to 0.74%, with the number of investors rising from 2 to 5. Institutional Holdings: Overall increase from 0.36% to 0.74%, signaling growing institutional confidence. Technical Setup: Retest Zone: The stock is at a crucial support level, testing its breakout line. Volume: Monitor for a rise in buying activity to confirm demand. Trade Plan: Entry: Near the breakout line retest zone with confirmation of demand. Target: Pullback to ₹144. Stop Loss: Below the support zone at ₹128 to manage risk. Note: Strong fundamentals, improving institutional interest, and technical buy signals make Alpa Laboratories a promising candidate for a pullback trade.
NSE:ALPALong
by ImranulHaqueNoor
Cup & Handle Breakout | ALPA LABS⭕️ Swing Trading opportunity ! Weekly Analysis Alert !!!⭕️ ✍️Technical Reasons to trade or Strategy applied :- ✅Chart Pattern Analysis ✅Parallel Channel worked as Support And Tgt ✅Breakout confirmation ✅Rise in Volume ✅Strong Resistance Breakout in Years ✍️BUY @ CMP 🎯TGT- 150 💰ROI- 25% #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:ALPA
by ReviveTraders
ALPA -Cup and Handle -Breakout -Daily -Unusual VolumeAnalysis of ALPA Laboratories Chart: Cup and Handle Pattern: The chart shows a well-defined cup and handle formation, which is a bullish continuation pattern. The cup part indicates a rounded bottom consolidation, while the handle signifies a short-term correction or pullback before the breakout. The depth of the cup highlights a significant period of accumulation, followed by a breakout. The pattern started in early 2022 and was completed by 2023. Shakeout & Volume Analysis: The chart highlights that there was no significant volume during the breakout, leading to what is referred to as a "shakeout or false breakout." This indicates that weak hands were shaken off before the stock eventually surged. However, the chart marks a retest after the shakeout, during which the stock bounced back with huge volume. This volume surge indicates strong buying pressure and institutional accumulation, validating the breakout as genuine. Price Targets: Based on the cup and handle pattern, the projected price target for the stock is 170 INR, as noted in the chart. The price target calculation is typically done by measuring the depth of the cup and adding it to the breakout point, which appears to align with the chart's projection. Recent Breakout: The stock has recently broken out above a resistance level of 108.82 INR, with a strong surge in volume, indicating the potential for further upward momentum. The breakout shows clear upward movement, with the stock currently trading at around 132 INR, gaining around 19.28% for the day. Current Resistance and Support: Resistance is noted at around 170 INR, as the price target based on the breakout. Support lies around 108.82 INR, where the retest and bounce occurred, providing a strong support level going forward. Conclusion: ALPA Laboratories has shown a strong bullish breakout following a textbook cup and handle pattern. The significant volume during the retest and breakout indicates that the stock may have more upside, with a target of 170 INR in the coming weeks or months.
NSE:ALPALong
by DailyCharts03
Alpa Cup and Handle Pattern - Bullish### Chart Patterns: 1. **Cup and Handle Pattern**: - **Cup**: The price action from mid-2021 to mid-2023 resembles a cup formation, with a rounded bottom indicating accumulation. - **Handle**: Following the cup, the recent price action seems to form a handle, typically characterized by a downward consolidation. 2. **Descending Triangle**: - There is a descending triangle visible within the handle part of the cup and handle pattern. This is typically a bearish continuation pattern, but in this context, it could be part of the handle formation. ### Volume Profile: - The volume profile on the right shows the price levels where the most volume has been traded. - There is a significant volume build-up around the 70-85 level, suggesting a strong support zone. ### Support and Resistance Levels: - **Support**: Around 65-70 (based on volume profile and historical price action). - **Resistance**: Around 93-95, which coincides with the upper boundary of the descending triangle and the previous highs. ### Indicators: - **RSI (14)**: The RSI is around 51.48, which is neutral. It indicates that the stock is neither overbought nor oversold. The RSI is also showing a slight uptick, suggesting a potential bullish momentum. ### Key Observations: - The breakout above the descending triangle's upper boundary (~93-95) with strong volume could signal a bullish move. - The cup and handle pattern generally signals a continuation of the previous uptrend if the price breaks above the handle with strong volume. - The volume has been increasing, indicating growing interest in the stock. ### Potential Scenarios: 1. **Bullish Scenario**: - A breakout above the 93-95 resistance level with strong volume could lead to a significant upward move, confirming the cup and handle pattern. - Targets could be around the 110-120 range, aligning with the height of the cup added to the breakout point. 2. **Bearish Scenario**: - If the price fails to break out and falls below the support zone around 65-70, it might indicate a further downside. - In such a case, the next support levels would be around 50-55. ### Strategy: - **Entry**: Consider entering a long position on a confirmed breakout above 93-95 with strong volume. - **Stop Loss**: Place a stop loss below the handle's low, around 70, to manage risk. - **Target**: Aim for the 110-120 range based on the cup and handle pattern projection. This analysis combines technical patterns, volume profile, and RSI to provide a comprehensive view. Always consider other fundamental and market factors before making a trade decision.
NSE:ALPA
by brijmohan_h
A bullish move expected in ALPA Laboratories Nifty today ends around 0.65% higher, which is a good signal for placing bullish trades in these tumultuous times. One such bullish opportunity can be observed in Alpa laboratories. The stock is currently at around its support zone. According to my Fibonacci retracement analysis (which is not shown in charts) when this stock retraced from its high of 67.65 levels it retraced around 0.618% to 62.35, and immediately pulled back 0.5% to 63.35. Volume too supports this upward move towards the end of today's session. I've marked the buying zone, possible target levels and provisional stop loss in the picture.
NSE:ALPALong
by devdhodi