- Multi year Breakout from All time High - ALKEM showing good breakout after a long range consolidation with Volume expansion - May retest the breakout levels and then regain bullish momentum - RSI placed at 71 ( Uptrend ) - Entry can be made at around 3150-3180 levels * Educational purposes only
Alkem lab past swing trade analysis
Buy on retracement. There is still a gap to touch trend line. But its ok to enter now by cash. Price movement and target as mentioned in chart.
has been in an uptrend now has cooled off a bit. looks fine to continue upward
DATE: 09 MAY 2021 INSTRUMENT: ALKEM TREND: BUY TIME FRAME: DAY CMP: 2907 BUY ABOVE: 2912 STOP LOSS: 2853 TGT 01: 3057 TGT 02: 3076 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Saucer Pattern Breakout can be seen
When daily candle closed below 2650 then Short and target 2600 and 2590
this stock following a nice DT when ever it touched 2oo EMA abd break the TL we can go for a long entry. for education only
If stock continuously sustaining above 2709, it can go till the target 1. This is completely my personal view.
IF IT HOLD THE GIVEN LEVELS, THERE CAN BE UPMOVE TILL 3000 ELSE IT MAY COME DOWN TO 2775 ************************************************************************************************************************************************ Hi all, Its pleasure to have you all here. I have started putting these charts as a contribution from my side to all people...