Alembic Ltd has formed a double Bottom on weekly chart, Enter with little qty @ CMP and add on dips for the retest. Safe Buyers can wait for retest of the neckline and enter after confirmation.
Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed.
Disclaimer:I am not a SEBI Registered...
Alembic Ltd. is engaged in the business of pharmaceuticals and real estate. Its core operation is manufacturing and marketing of APIs (active pharmaceutical ingredients) and construction and leasing of corporate & commercial properties. The company is also engaged in research and development in his pharma business. Alembic CMP is 69.20.
Negative aspects of the...
Its nicely making base on base. there was a shakeout 5 weeks back.Inside bars were seen in weekly charts couple of weeks back,after that prices have been stable. Good opportunity to enter again.
