Support at previous high helped the stock move up in momentum Turned positional!
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.
Alkem swing trade:- 1.As you can see rounding bottom has formed and it is about to give trendline breakout (wait for proper breakout) but on 09 sep you will notice selling came from upper level and it is little streched if you see past days back to back green candles. 2.So plan to buy either on pullback or retracement from 3265 or if it gives bounce from...
Sentiment: Bullish From these levels the stock can show the targets of 3327 Analysis: 1. Bollinger Bands are squeezed and the breakout of the upper band. 2. Rsi is above 60. 3. Macd is bullish crossover.
This scrip is expected to give break down in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Discription: Stock Name: ALKEM Chart Pattern: Falling wedge pattern Time Frame: 1 Hour Breakout Entry : above 2930+ Breakout target : 3056+
Crucial support 2943. June Qtr OPM is lowest in many years, fell from 22% last year same time to 8%.They may be facing big competition in the product category/higher operating cost. Just for information no reco.
ALKEM gave a Weekly Breakdown @ Rs. 3000 with good volumes, Retesting can be seen again around Rs.3000, which gives an opportunity to short between Rs.3000-3040. ALKEM might give immediate Target of Rs 2800 either by Gap Down or as per setup. Disclaimer: I am not a SEBI Registered Analyst, the views declared are of my own and for educational purposes only. Kindly...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
ALKEM: Gearing for Jump. Ascending Triangle pattern visible. Buy above 3205 T1: 3272 & T2 3302 Intraday: Trailing SL Note: Consult your financial advisor before taking any Traders. Follow Risk Management
Weekly Inverted Candle with Trend Line Broken so its confirm for sell Weekly MACD down from this candle Daily Stochestic Down from this candle Big Bearish Candle form on Daily Time frame Daily time frame volume is ok EMA combination also confirom 0.038 retracement
Stock Name: #Alkem Action: Short Entry: Below 3086 SL: 3116 Target: 2996 NSE:ALKEM
wedge breakdown short till the next swing low indian pharma companies facing pricing pressure despite great quarterly results from the CDMO business Alkem Labs showing bearish price the reason for the trade the recent breakdown had tremendous strength in it