Alkem looks alrightAlkem Laboratories Ltd. engages in the development, manufacture, and sale of pharmaceutical products. It produces branded generics, generic drugs, active pharmaceutical ingredient, and nutraceuticals.
Alkem Laboratories Ltd. CMP is 6039.55. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter and MFs increased their shareholding last quarter. The Negative aspects of the company are High Valuation (P.E. = 35.2), Declining Net Cash Flow : Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 6105 Targets in the stock will be 6202 and 6315. The long-term target in the stock will be 6442. Stop loss in the stock should be maintained at Closing below 5818 or 5363 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Alkemlab
ALKEM Near All time high ALKEM is Near all time high
Alkem is in a Rising channel and Resistance is working from last 8 years
Stock is facing resistance around 5500
for the further upside Stock need to cross 5500
If stock tanks then we might see level of 3100-3200
3100-3200 is strongest support and one should not miss opportunity to BUY around these levels.
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
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 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
ALKEM ::: LONG
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.