Buy Alembic Ltd Cmp 68 Stoploss 35 (monthly closing Basis) Target above 145 Study: Monthly Breakout Retest Structure
A breakout from wedge pattern and retraced back , can go for long
05/01/2022 Alembic ltd CMP:111.45 PRZ: 121.60 Information is only for study purpose
Sidewise consolidation for last 16-17 months. Long term very bullish chart. It needs to take out 140 levels and previous all time high for next level breakout. Mostly it will chop around inside the channel.
This stock is ready to fly high good support near 100 Buy @ 111-102-97 Tgt 137-160 SL 90 Its a positional trade so you need to show a little patience Exit at SL or Tgt Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
ALEMBIC Swing opportunity I'm not a SEBI registered analyst, so do your own research.
*For educational purpose only. It's not a call. Do your own analysis. Stock was trading in symmetrical triangle and today it has given breakout with good volume.once it come to support Can go for long position around 117-118
Once it's cross 121 lvl, immediate tgt 140,149, Than will be in next 20% territory, Till 121 it will be rangebound.
Once cross 121 immediate tgt 140, and149, than will be in next 20% territory,
Alembic ltd - buying now and till 117 stoploss would be 110 on closing basis
alembicltD ENTRY=121 TEST LEVELS =132/140 SL=118 IT HAS BEEN FOLLOWING UP THE SUPPORT AND RESISTANCE LATELY AND IS LIKELY TO FOLLOW THE SAME FOR THE SHORT TERM VIEW MY SL IS JUST AROUND THE DEMAND AREA (RECTANGLE) KEY POINTS 1)RSI SHOWS AND UPWARD SPIKE 2)CANDLE HAS BEEN RETESTED WITH A GREEN DOJI 3)RR MANAGED 1:3.5 4)CURRENT PRICE LESS THAN INTRINSIC VALUE
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.
The time has come to push alembic limited to the moon. Targets: 175/200/285/400++ Target 1 in short to medium term. Other targets in long term. Only buy and hold!
ALEMBIC EQUITY levels ...08/07/2021 (D candle)
buy around 135 sl 125 target 150
Alembic Limited Current Stock Price 102.75 closing above 105 can give a breakout of Triangle Pattern on weekly chart, in that case the stock can touch 114 stop loss should be 99.5 on closing basis
This stock is showing a picture perfect flag & pole pattern on daily chart, Trade can be initiated once it break this with good volume Note: Analysis for Education purpose only.