Alembic pharma moved beautifully in the pharma rally and then paused after hitting the ATH of 1128.90. Cup got formed in the last 3 months giving an exit to impatient investors.
ICICI Lombard formed a strong base between 1100-1300 levels and then broke out. Stock retracted to check the previous ATH and then started moving. Fundamentally, management is saying that there has been improved show in Health and auto segment.
100% move in a couple of months, the move stopping at critical resistance, stock correcting just 10% with superbly dried out volume with the fresh move that maybe starting from 14th Dec.
