Views on AlkemAs disclosed in the chart drawing, this script is tightening the rope around the support area.
I feel like, if the support zone is respected now, we may see a targeted zone in near future.
ALKEM trade ideas
ALKEM - Bullish Consolidation with VolumesNSE: ALKEM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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ALKEM LAB BULLSIH PATTERN _Daily Timeframe_NSE:ALKEM
Stock is consolidating between 3350 to 3450 approximately a month. Price 3350 is holding as good support.
Currently we can see there is a morning star pattern(Bullish Pattern) at support which is a sign of strength. We can go long at these levels and keep SL below swing. The stock should not open gap down on 28th June.
Following to this check 1hr time frame we can see there is a reverse head and shoulder although the Shoulder length is a bit low compare to usual H&S.
This is a good opportunity for positional traders stock has potential to go 3600 in upcoming weeks.
Keep eye, Thank you.
This is only for educational purpose, please manage your risk accordingly.
ALKEM : LongEntered this stock today.
Multiple Pharma stocks are getting into up-trend.
Seems to be some sort of Tail-wind for the sector, though the same is not obvious on the pharma sector index:
NiftyPharma due to the high weightage of SunPharma, which is down trending.
Alkem lab analysis Hello traders i hope you are doing well. Today i will share u alkem lab analysis. Alkem lab ready to move.
ALKEM - Weekly AnalysisIn the Weekly Chart of ALKEM ,
we can see that, it has given a strong breakout.
Let it retest 3300 level.
Enter at 3300 level with 3150 as SL.
Book profits with 1:4 at 3700 and exit.
ALKEM LABS LTD Alkem labs ltd All levels given in chart, do your own analysis , trade based on ur own risk and reward.....
Alkem Alkem a good company by fundamentals
Buying zone 3100-3250
Sl 2980
Tgt 3400 3600 3800 3980
Ask your financial advisor before buying
Only for educational purposes
ALKEM LABS ALKEM LABS - Dow theory reversal
First higher swing high in a lower low formation accompanied by multiple inside bar breakouts.
alkem lab ltdshort position possible below 3027 level... but work with given stop loss and given target... you should trail stop loss after 1st targe achieved .
ALKEM Looks NeutralDisclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
ALKEM Evening Star Candestik Patter At ResistenceAlkem Evening star patten ay resistence
entry at 3204
target at 3093
stop loss at 3326
ALKEM LAB LTD Breakout after Rounding Bottom Formation.*ALKEM LAB LTD*
Time Frame: Daily
Observation:
* Rounding Bottom Formation on Daily Time Frame.
* Overall Pharma Sector is doing well.
Resistance/Target: 3595 3786 3947 4070
Support: 3158
Reversal at play - Fibonacci A nice base formation combination of multiple patterns a VCP and Darvas Box and Fibonacci. can stage early entry at the Daily close of 3270 will prove the strength and a close above 3375 will bring the momentum in.
Disc - views are personal trade carefully.
ALKEM LABS, BREAKOUT!!!its gonna give a huge breakout. the stock is trading very low, and all it can go till 3677!!
Formation of rising channel in Alkem , Buy with mentined stoplosAlkem Lab. is moving in channel & can breakout this time above 200ma
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ALKEM ANALYSIS"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
BUY AROUND 3530 AVG @ 3440 TGT 3780/4020 /4350 SL BELOW 3340The 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
ALKEMNSE:ALKEM
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