ALKEM No Overlap Support at previous High In Q1 RRG Turns Positional
Alkem has already formed cup and also forming Handle but yeah it can take a long waits... Close above ₹4200 is important.... What's your view ? Bullish or Bearish ?
Alkem Lab (07 Nov 2023) Rounding bottom pattern in Weekly candlestick chart "In weekly charts, a breakout from a rounding bottom pattern is highly regarded as a favorable signal in technical analysis."
Retest entry at 4278 if it arrives In momentum Good to accumulate once retests the previous high
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.
Cup pattern breakout on monthly chart with good volumes. Stock has been in uptrend from the time of its launch.
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...
Cup and handle breakout in Alkem Lab Ltd with high volume.
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: Looking Good 2 Years & All Time High & Bullish Breakout Above 4070 Rounding Bottom Pattern Breakout Above 4010 Buy Above/CMP 4099 Add Every Down Stop-Loss Closing Below 3850 (Safe) 3600 (Risky) Targets 4350-4600-4850-5100+++ Positional Call
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 Lab has given a weekly breakout of rounding bottom, this could head towards 6500 levels.
RSI - bullish SENTIMENT- bullish Upcoming Breakouts
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
In the Weekly Chart of ALKEM , we can see that; it has made a Decision making Candle at Trendline. Enter on breaking its High with low as SL.