APLLTD looks bullishAPLLTD (Alembic Pharmaceuticals) looks bullish on monthly and weekly time frames. It is taking support on 60 RSI levels on a daily time frame. The price oscillated in the 798 to 740 range after a break out at 720 levels on July 28th. The price broke the resistance in the last two sessions with significant volume. And it is trading at its support now. It looks like a cup and handle pattern. It has broken the neckline of C&H with considerable volume. If it reverts from 790 levels, it would be a high trade with a 1: 5.5 risk-to-reward ratio.
