"W" Pattern and a long tail rejection candle above 200EMA(3430) CMP: 3514 Resistance Zone: 3594-3610 Upside Target: 3737-3756 Support Zone: 3350-3370 Downside Target: 3250-3280
The company has given a steady growth from last 3 quarters and stock had taken a healthy correction from its high. Currently it is consolidating between 100 and 200 dma forming tripple bottom and is expected to give a good breakout
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ALKEM is a good buy for long term. The price has undergone a correction and as it is at a crucial support a bounce from 3337.05 could trigger and entry at 3444. The stock could face a resistance at around 3500 and could once again come down to the buying level before making a move towards its target price of 4070 Pharma sector making a move of around 2% and...
Its Forms a Rounding Top if handle forms its forms inverted cup and handle but targets are same wait for a breakout and retest !
Hello Trader. I've observed NSE:ALKEM has completed Bullish Cypher Pattern and Price is trading at Potential Reversal Zone. Targets for Short and Mid Terms are mentioned in the chart. Buy above 3550 Short term : 3710 Mid Term : 3850/4070 Stop Loss : 3450 Note: I am not a Sebi Registered Advisor. Please Consult with your Financial Advisor before Investing.
go long it might be cross high in tomorrows session only
Alkem Labs break out from channel, retest and move up. Targets are 4087, 4297, 4868..This is idea, not a recommendation.
Add in your watchlist. Its make and break level for short term.
Multiple confirmations - a) Aroon crossover b) 5*21EMA crossover c) Inverted Mountain hill breached. d) POC support. Poised to make further gains
This scrip had broke the expanding channel pattern and there may be a moderate bullish move in this scrip. Do consider this scrip for swing trades, may have your SL not more than 5% and try to add up more quantities during pullback.
stocks trading ideas demand and supply method demand zone go for long
Alkem has been in the channel for some time doing higher highs....and has BO'd out of it. Targets marked.
Alkem Laborataries BUY@3500 TARGET@4500 TIME PERIOD: 6MONTHS