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.
APLLTD trade ideas
Alembic Pharma -Nice BreakoutAlembic Pharma -Nice Breakout
Capital to be deployed- 20k
Investing Price -760-775
Breakout Price -747
Stoploss -653
Targets -900-1021-1246
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Alembic Pharma Bullish, Kindly do your own studyThis stock is in momentum in daily time frame
Monthly- MACD uptick
Weekly-MACD PCO and RSI is just above 60
Daily- Price is challenged upper bollinger band
After high volume candle price goes sideways
RSI is above 60 and ADX is at 40
EMAS positive crossover
APLLTD- Bearish Trend ContinueAPLLTD is in a bearish trend and with its pattern probability to go down further, today it was consolidated in a very narrow range after a breakdown.
So very high possibility of breakdown from the current consolidation zone and gives a very good risk reward. As you can also see POC created a very downside in the volume profile tool which gives very good confirmation.
Entry Price:- below @571
Stop Loss:- Above @575
Target:- !:1 or 1:2 or more
Sell AlembicAlembic Pharma weekly chart shows
RSI about to dive out of ascending trendline, signaling a continuation of the larger downtrend.
MACD about to flip bearish again
Lower highs on the price chart + support of 61.8% Fib under risk of being breached.
Sell at 705 target 678-663 stop above 725
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NSE:APLLTD
NSE:APLLTD
CMP: 725
Target: 815
SL: 700
RR > 3
TF < 3 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
APLLTD - Bullish reversalPattern formed : Bullish Piercing on daily time frame
Trade Details
BUY
ENTRY 788
STOP LOSS 776
TARGET 812
PROFIT 2000
LOSS 1000
QUANTITY 83
Risk Reward 1:2
Resistance levels: 780-796-823
Support levels: 738-711-695
Reason for trade: On November 23rd the stock formed a Bullish Engulfing pattern at the level of 727.20 and moved up to the levels of 825. The stock has once again pulled itself up from the same level i.e todays low 727.15 and has closed at 764.25. Expecting a similar kind of move till 825.
Kindly follow support and resistance before entering your trades.
The selection of this stock is purely based on chart pattern and back reference.
Kindly maintain strict stop loss and book profits at 1:1 and trail.
Actual targets: 804-824