ALKEM trade ideas
Alkem Labs - Multi Year Breakout- 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
Buy on retracement.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.
ALKEM ::: LONG
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.
ALKEM LAB LTDthis 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
ALKEM LAB - LONGIf stock continuously sustaining above 2709, it can go till the target 1. This is completely my personal view.
ALKEM LABIF IT HOLD THE GIVEN LEVELS, THERE CAN BE UPMOVE TILL 3000
ELSE IT MAY COME DOWN TO 2775
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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R-0041 ALKEM LAB BUY at CMP SL 2450 TGT 2600/2700It has already rally of 200 points from the low but still looks good for 2700 and supported by break out from a narrow range.
