Gartly harmonic pattern reversal, Just harmonic pattern conformation, Low quantity++--
#ALKEM - seems like the next sector to rally, could be Pharma. With Metropolis call already doing well, #ALKEM (Alkem Lab) seems poised for some decent upward moves. All levels mentioned on the chart and below, as well: Buy @ CMP 3060 SL @ 3000 Target @ 3150
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangle is formed.
Please note this is for education purpose only.please do own research before you take a trade.
share name : alkem lab ltd call type : positional or investment - share is forming a cypher pattern with ab=cd and double bottom - a good consolidation can be seen between level 3369-2828 - 3369 is a hurdle zone for this share which acting as a huge resistance - we can accumulate this share around 2969(after competing of gartley in shorter time...
One Can Buy Alkem lab Stock As Per the analysis like where does it gives breakout or break down . thank you
I have made efforts in Explaining how i see the Stocks , One of the Interesting part of Noiseless is that its removes the complexity and gives an edge to Professionals I have made forecast based on wave theory, Do your analysis before taking decisions Good luck
Forming a HEAD AND SHOULDERS PATTERN!! We can expect a breakout off that orange trendline channel. Remember timing the market is never a good thing to do... Let's wait and watch!! Every chart helps us to improve our skills!! just for knowledge !!! not a tip nor advice!!!!
Story of the stock : Currently stock at consolidation zone if it breaks upper trend line it will fly till 3564 then it will face resistance near to that horizontal line
Alkem despite market being bearish this stock has managed to hold its levels and if it gives BO and the levels that i have marked it will sky rocket buy side recommendation do your own research.
NSE: ALKEM is closing with an inverted hammer candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 11% gain...
It hit 4000 which best for swimming trade. If Pharma nifty will increase it will increase.
Support at previous high helped the stock move up in momentum Turned positional!
Alkem now turned Positional during Intraday session! In Q1 RRG
Alkem looks good for swing Trade He breaks Flag and pole pattern on Weekly time frame and also maked double bottom pattern It's good for buy above if sustain then Buy 3250-3255 in this Rang Disclaimer:- Fundamentally this stock is not good so don't invest more . This is only for educational purpose
In this, price formed a descending triangle pattern if it will break out then we can expect a up move.
This post is on for knowledge purpose. Kindly do your own analysis before taking any trade. AKLEM broke the long term symmetrical triangle pattern with good volume. One can short this below 2930 Target: 2580 Stoploss: 3050
The stock has stopped making new lows. As a trader can play for a target of 3600 in some weeks. As a invester you can start accumulating the stock. For both investor or trader keep your SL at 2850. We can see some hurdle at the trendline show on the chart but once that broken It will start new journey on the upside.