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 is trading near upper channel. Stock successfully hold its 61.8% retracement level which is 503. If it successfully crosses 570 with good volume. We can make long position. As this stock is fundamentally very strong. This DEC-17 qtr..FII and DII both inceased their stake.
This scrip has fully corrected, bottomed out and has made a double bottom.
Now it is poised to rise, as its USA sales have become stabilised with low prices of generic medicine acceptable to them.
Buy and hold on for reaping good benefits.