Breakout in Alembic Pharma* Analysis: Beautiful Range Breakout on a Daily & Weekly Candles for Alembic Pharma.
* Also the Stock has broke and moved above 200EMA on daily candle this month as is sustaining the same.
* One can plan a good 1:1 and 1:2 trade initially keeping the last swing low.
* The stock might face a little resistance while trying to move above 200EMA for weekly candle.
* One can also look for higher targets post 1:2 however make sure to use trailing stop loss for the same.
* Do invest only based on the risk which can be taken based on risk per trade process.
Note: This information is for entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions.
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