ALEMBIC PHARMA after almost 5 years is waking up..
looks like pharma time is here
it is at a cusp of breaking of the long term trendline.
break above and close on monthly chart can give a good upside..
Has traded below the Range of 500-496,
If closes below 496 get ready to short,
but might get support from old support price of 493
If 493 is broken 450 can be on the charts.
Alembic Pharmaceuticals - Buy Idea
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Alembic pharma saw a massive reversal up 8%on friday Nov 30th 2018
Again it has bounced of near the 200 dma zone for the 3rd time..548 550 has become a strong support.
buy on dips 585 to 595. broke out of the channel with high volume and big price action..
fundamentally strong and long term technicals are strong
NOTE: Analysis is of my personal view. Please do...
#APLLTD buy-in range 590-610 and there is strong support at a level 450-500 and now stock can move toward new high time. Target will be 800 to 1000++ in next 1 year.
APLLTD buy-in range 590-610 and there is strong support at a level 450-500 and now stock can move toward new high time. Target will be 800 to 1000++ in next 1 year.
APLLTD
