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..
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...