ALKEM trade ideas
ALKEM - Bullish view for long positional tradesALKEM is a good buy for long term.
The price has undergone a correction and as it is at a crucial support a bounce from 3337.05 could trigger and entry at 3444.
The stock could face a resistance at around 3500 and could once again come down to the buying level before making a move towards its target price of 4070
Pharma sector making a move of around 2% and having a bright future with a good growth expectancy, expect ALKEM to make the BIG move.
Strongly recommended for a price target of 4070 - positional trade.
ALKEM 4 Hrs Its Forms a Rounding Top if handle forms its forms inverted cup and handle but targets are same wait for a breakout and retest !
Bullish Cypher Pattern in AlkemHello Trader. I've observed NSE:ALKEM has completed Bullish Cypher Pattern and Price is trading at Potential Reversal Zone. Targets for Short and Mid Terms are mentioned in the chart.
Buy above 3550
Short term : 3710
Mid Term : 3850/4070
Stop Loss : 3450
Note: I am not a Sebi Registered Advisor. Please Consult with your Financial Advisor before Investing.
Breakout retest and moving upAlkem Labs break out from channel, retest and move up. Targets are 4087, 4297, 4868..This is idea, not a recommendation.
ALKEM - Bullish Multiple confirmations -
a) Aroon crossover
b) 5*21EMA crossover
c) Inverted Mountain hill breached.
d) POC support.
Poised to make further gains
Trade in Alkem LabThis scrip had broke the expanding channel pattern and there may be a moderate bullish move in this scrip.
Do consider this scrip for swing trades, may have your SL not more than 5% and try to add up more quantities during pullback.
Breakout from channelAlkem has been in the channel for some time doing higher highs....and has BO'd out of it. Targets marked.
Alkem labs Multi year breakout in Weekly time frame #alkemlabsStock 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 CHANNELBREAKOUT FROM YEAR LONG PARALLEL CHANNEL YESTERDAY. RETEST OF THE TRENDLINE SUPPORT DONE WITH A BULLISH PIN BAR.GOOD UPSIDE POTENTIAL.
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
