Alkem Cmp 3552 dated 9-10-2023
1. Reversed from Support
2. RSI BO
Buy above 3560 target 3600-3650-3700-3750
SL 3475
It is just a view, please trade at your own risk.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Greetings Folks,
today I have prepared a setup of ALKEM on NSE
the analysis is as follows-
- The price is on a good bullish trend
- its time for price to retrace a little to refuel its momentum
- i have marked the immediate support below
- you may also do counter trade short but it would be require high cautiousness
don't play with fire, always use a predefined stoploss
Trend line breakout with good volume increases buying opportunity from here towards the target level as mentioned, may also fakeout.so,keep stoploss accordingly.
Alkem is gaining strength and RS has turned positive along with RS Average has also started rising. Looking at current breakout price may test breakout range again which may cool of RS somewhat and retest Smoothening RS average line too. A partial entry can be made right now with target to average if price falls and sustain within buy range. If price close below...
Alkem Labs: Showing positive momentum
Given TL breakout, with good volumes
Good Above 3658
Targets: 3695/3725/3744
Possibility of TL testing, So enter cautiously
SL : as per Risk management
Disclaimer: Im not SEBI registered, contact your financial advisor before any investment.
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...
Alkem lab has given breakout strongly on weekly chart can buy on CMP or in retracement till 3290 for price target of 3565 & 3625 for a stoploss of 3175.
PS - THIS IS JUST FOR EDUCATIONAL PURPOSE, PLEASE TRADE ON YOUR OWN RISK AND AFTER CONSULTING YOUR FINANCIAL ADVISOR
Alkem is finally out of consolidation and now showing signs of bullishness. In short term we can see 3500,3600,3700,3800 in this stock in coming week and next month.
PLEASE NOTE :- This is not an advise to buy or sell this is my prediction and I can be wrong as well so please do your own analysis and then trade.
ALKEM is forming a cup on weekly chart around the corrections from top, recently it has broken falling trendline and made a higher low, look for trade till cup completion and later follow price action to hold.
NSE:ALKEM has recently breakout its resistance level 3300, indicating a potential uptrend.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 3430-3460, with target levels at 3640 and 3945. It is important to note that trading carries a risk of loss, and a stop loss at 3300 is recommended to limit potential...
