Mark important level. Stock move one direction.
Stock has been giving small triangle breakouts once in a few months, but currently it has broken out a multi year pattern, expecting a bull run soon with SL at 3100 for short term Traders. #Alkemlabs
BREAKOUT FROM YEAR LONG PARALLEL CHANNEL YESTERDAY. RETEST OF THE TRENDLINE SUPPORT DONE WITH A BULLISH PIN BAR.GOOD UPSIDE POTENTIAL.
Alkem - CnH, Ascending, Target is depth of the Curve ie 3613
- 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
Alkem lab past swing trade analysis
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.
has been in an uptrend now has cooled off a bit. looks fine to continue upward
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.
Saucer Pattern Breakout can be seen