ALKEMLAB : bullish W pattern breakoutALKEMLAB : bullish W pattern breakout. Good momentum and trend.
trendline channel intact
ALKEM trade ideas
ALKEMALKEM Another volume based performance this week. Can see break all the price levels mentioned before and run towards new high. Fresh entry can be made based on own risk appetite
Alkem, Breakout Possible!Rising Volumes with Retest of trendline & a possible breakout. Suggestion though, not a recommendation.
SL as per Risk appetite.
PS: Please consult your Financial Consultant before investing.
Go market side Need good support of market if market positive go for long and negative to short both directions go for. 1/3
ALKEM to be watch next weekALKEM has seen good buying at first hour of previous session; however, the price couldn't sustain the breakout. The stock should be watch list and can enter long at 3380 with stop loss of 3300 for the target of 3460 and 3540. If price reverse below 3300 then the setup remains invalid
Channel breakBeautiful channel breakout, wait for retest and can go long at 3290 for the target of 3700 with stoploss 3120
ALKEM LONG#ALKEM #Chart #Investment
*Not much talked about this stock but it's slowly showing its worth.
*Weekly BO with Good volume.
*52 Weeks High / ATH
*Expected to perform well in coming Weeks as well.
*Very good candidate for 'Add in Dips' stocks.
alkem chart it breaking the channel
This is the chart of alkem labs 1 day timeframe the stock is in a channel pattern from last feburay2020 it breaked the channel is a small candle and with small volume so see the next resistance line whether it break it with a good candle enter the stock this is completely for postional view
ALKEM looks bullish - Target 3310After taking support near 50 EMA (1), ALKEM started moving up. After a minor pullback for 2 days, it has started moving up again. Look for targets of 3210, 3255, and 3310 in the next few trading sessions.
Beautiful Cup and handle, Everything self explanatory !Beautiful Cup and handle, Everything self explanatory , Targets in the charts, Only for learning.
Alkem Lab looking good for short term.. We can take long position after trend line break for swing trade..
Alkem lab Ltd - Weekly BreakoutAlkem Lab has given a very good bullish signal and a breakout from the parallel channel pattern trap (August 2020 - June 2021) for past 11 months
Its a good stock for a short term trading
The Stop Loss for any conservative trader is 3028
The Target is 3678
After reaching our target, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** Its just for an educational purpose and so you must also follow your own technical analysis too ******
Alkem Laboratories Ltd - 11.06.2021Alkem Laboratories Ltd - 11.06.2021
The stock has made a high of 3225 during the week
there is a cup & handle formation in daily chart
neckline 3215, low 3050
let the prices go above 3222
watch out
#ALKEM.. Next in sight - 3800??Trading in parallel channel for a year..
Finally a bullish BO and retesting of support levels..
Targets based on Fib levels .. there can be easily 15-20% profit here..
Alkem LabsAlkem Labs : CMP 3197.
It has give a good breakout, but negative divergence is seen on RSI, so can correct a bit. If it comes to 3110, it is good buying price. However close below 3110 can take it to 3006 levels. On the upside since it is making lifetime highs, target is open.
Disclaimer : This chart is only for educational purpose. This is not a trading or investing idea. Do your own due diligence before investing.
Alkem LabsAlkem Labs closed yesterday above one year high at 3197.25 and it has crossed the resistance and we could expect a target of above 3300 .
RSI is Bullish at weekly and daily
