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TradingWithRahul
Sep 26, 2021 10:23 AM

Positional Trade for 27% || Alembic Pharma Long

ALEMBIC PHARMACEUTNSE

Description

The stock is now reversing after a good fall and it has made an inverse head and shoulder pattern on reversal. Can be bought for 1st,2nd and 3rd target of 860, 930 and 1000. CMP-790 and SL will be 750 on a closing basis. A 1:5 Risk Reward ratio. HIT the like button if you liked my analysis and do FOLLOW for more ideas.

Trade active

1st target acheived
Comments
RS_V
Thanks. If you have time can you check Thyrocare? Is it bullish? Is it forming triangle pattern or am I wrong?
TradingWithRahul
@RajaSekharVelisetti yes, it's forming a triangle pattern but the stock is in sideways trend right now
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