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.
ALKEM trade ideas
Long @ 2347.8This particular trade is for long term (15 weeks at least).
May or may not close at stoploss
Price is at a very strong level, expecting a nice push of at least 50-60%
Overall this stock has strong fundamentals.
764 Wk review for positional swing tradeSL compulsory
Buy zone at lower bottom or buy zone 1668 to 1715 (M.I entry) with SL
after breakout as risky buy at 1847
ALKEM - BULLISH STRUCTUREALKEM
CMP 2217
Target 2700 plus
Stop 2100
Weekly chart
Stock has formed a Cup and Handle pattern.
Stock is on the verge of breakout of the handle.
Ideal level to go long on the stock would be after getting confirmation of breakout of the cup lip which is at 2350.
