Alembic pharma has been rangebound since quite a few months now, Currently at the Demand zone. Will face resistance at 987(Target1), 1036(Target 2) and would finally land on 1120.
Accumulation since the past 4 years, A good breakout and Marking-up. Watch the price action around 0.618 closely.
Bullish Harmonic pattern in play! Accumulation levels- 1220-1200. Further, 1350+ can be eyed on.
Pennant- Price-Volume Breakout. Levels of 108+ Can be seen
Falling wedge formation along with Harmonic in play! Seems as the bulls will soon take control.
Breakout at 6 months old resistance with Low volume Pullback. Stepping Stones, Next on the way.
At the critical Reversal level. Let's see how it unfolds!
Breakdown of point B is crucial for harmonics to come into action. Above Point B- It's Invalid. Keep an eye, For short- medium term investment.
Short term bearish sentiment until the price reaches the PRZ. Anticipating a reversal with good returns.
Can go both ways depending on the wave count, Both the possibilities have been highlighted. Keep an eye!
4481 is a critical point for move on either side. A Breakout will lead to the targets of 4693-4747. Breakdown would trigger 4280 Onwards on the lower side.
A probable reversal can be anticipate around 14,350-14,200 levels. If 14,200 get's broken We can even see 13,800 Level. Stay cautious and Spy like a hawk.
Support taken from the mentioned level (1676); Gold never stays where it's undervalued.
Head and shoulders pattern intact with Bearish deep crab in play. Long Targets between 560-600 Range. Expecting a reversal thereafter.