Seems an interesting setup on the weekly charts, after a nice bounce last week on decent volumes.
A close above 48-49 can possibly bring in some momentum too.
No position yet. Will keep a watch on this though.
Alembic Ltd breaking out of channel/consolidation zone.
Its moving up with increasing volumes from past 5 days which is sign of strength.
Swing Traders can enter this trade with First Target of 52 presenting 18% upside from CMP.
Weekly close above 52 necessary for further momentum.