NSE:ALKEM
Date : 11/05/2023
Chart Pattern : Wolf-E-Wave Pattern.
Time Frame : Daily
CMP : 3572
View : Bearish
Targets : 3490 (7 days)
Stop Loss Level : Closing Below 3620
Disclaimer.
I am not sebi registered analyst.
Charts and levels are posted for Educational Purpose only it's not Recommendation. Please Consult your financial advisor before trading or...
This posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one...
Alkem Lab after breaking a down trendline resistance doing consolidation in a parallel channel so after a break of this channel we will consider as a good breakout and will go long for the target of 3726.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 3rd April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4....
ALKEM LAB Looking good for upside..
When it break level 3409 and sustain.. it will go upside...
BUY IDFC @ 214
Target
1st 3484
2nd 3624
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
ALKEM CLOSING 3396.1 with a stop loss of 3221 then targets are 3717-4061.
Buying Reason.
1 --> Price Break the range daily and weekly.
2 --> RSI is above 60 on a Daily and Weekly.
3 --> ADX is showing a Bullish move on Daily & Weekly.
4 --> Volume also shows a bullish move and Buyers are now coming in the move.
Alkem Labs has been one of the poster of the bull run from 2019 - 2021. Post that the stock has been sideways.
There are some early signs of resuming the rally. Check out the video to know more.
Regards
Abhay
trendline breakout and the target is 3600, Alkem Laboratories Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical generics, formulations and nutraceuticals in India and globally.
The stock is making a symmetrical triangle pattern on weekly charts and a weekly closing above 3185 level can give good upmove in the stock.
Learn & Earn,
Dr. Tanya Kumar
