ALEMBIC LTD (LONG)This stock is ready to fly high
good support near 100
Buy @ 111-102-97
Tgt 137-160
SL 90
Its a positional trade so you need to show a little patience
Exit at SL or Tgt
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
ALEMBICLTD trade ideas
ALEMBIC LTD - Trendline BreakoutAlembic has been consolidating in a triangle range for the past 1 month.
Price Action: there is a big bull candle formed within this range on 8 June 2021 on its hourly chart.
Currently Prices are trading near trendline resistance, hence any breakout if happens, then the stock can see a very good move on the upside i.e up to 140 levels initially and also towards 155-160 levels.
Stock can be bought with a SL below 125 levels.
ALEMBICLTD expecting Up-trend NSE:ALEMBICLTD
ALEMBICLTD
Technical analysis: Alembic Limited.
I have also provided some support and resistance area in above chart.
Buy entry point Between 102.70 to 104.95
T.P - 113.95 and +(plus)
Stop-loss 100
Friend please analyse before taking any action do not depend on my analyse its just for education purpose only and follow the proper risk management and also share your ideas in comment section. If you like my Ideas please Like and Comment below.
If you like my Ideas please hit the 👍 LIKE button and share some of your ideas in comment section.
Comment: Alembic Limited Still in Trend-line so please keep eye on that.
Alembic - LongAlembic Ltd CMP - 95.15
Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets
Buy at or above 95.15 - 96 / Stop Loss 87
Target1 - 100
Target2 - 105
Target3 - 110 / 115 / 120
Disclaimer: This is my view and for educational purpose only.