ALEMBICLTD is in a crucial support area @ 89rs stock take support at here and bounce from here we can accumulate a stock near 90rs to 94rs levels for the target of all-time high 123rs when stock give breakout it gives with the volume support and then stock make lifetime high of 123 and reverse from there interesting thing was a stock retreat with low volume that...
Simple trend line analysis for Alembic ltd. cleary showing bullish trend so this is a very good buy opportunity. Buy at - 109 Stop loss - 98 Target - 130 Note:- (only for education purpose and demo trading)
After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term. Disclaimer: Take this view for educational purpose....
Pole and rising flag pattern formation, close above 96.5 and above that 100 on weekly basis will move to 120.
Chart is self-explanatory . SL - 81.50 by close.
Rectangle triangle pattern breakout buy only....
Alembicltd 84.70#RasmeetTradingDesk#3BarDecider
Distribution days piling up, chances of intermediate correction. if the stock taken support at 50dma, it can probably set up again.
TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. BD line will act as resistance line. AC line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...
In Almebic ltd. chart a breakout occured in Monthly chart with high volume . Buy on CMP if come down added some more qty. SL - 51 TARGET -190.
NSE:ALEMBICLTD Reasons: 1. This stock has been in the sideways movement since last 6 years 2. Upper Channel Breakout 3. The same Breakout can be observed in RSI Trendline #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose....
Technical Trade - Powerplay
I took a pilot position at 55.5 and I will be looking to add at minor corrections. there isn't a good base in place for this one so waiting for it before I add more to my position Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has the highest volume since 2018, although...
Fibonacci Agreement Point between 58 to 60. This will be a good resistance level.
One can plan swing trade trade above 55 for target 65.. wait for retracement upto 47 and with keeping SL 43 can go for Target 55 - 72 As clean volume expansion is visible on chart. Plan your trade
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.