ALKEM trade ideas
ALKEM LAB LTDthis stock following a nice DT when ever it touched 2oo EMA abd break the TL we can go for a long entry.
for education only
ALKEM LAB - LONGIf stock continuously sustaining above 2709, it can go till the target 1. This is completely my personal view.
ALKEM LABIF IT HOLD THE GIVEN LEVELS, THERE CAN BE UPMOVE TILL 3000
ELSE IT MAY COME DOWN TO 2775
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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R-0041 ALKEM LAB BUY at CMP SL 2450 TGT 2600/2700It has already rally of 200 points from the low but still looks good for 2700 and supported by break out from a narrow range.
Long @ 2347.8This particular trade is for long term (15 weeks at least).
May or may not close at stoploss
Price is at a very strong level, expecting a nice push of at least 50-60%
Overall this stock has strong fundamentals.
764 Wk review for positional swing tradeSL compulsory
Buy zone at lower bottom or buy zone 1668 to 1715 (M.I entry) with SL
after breakout as risky buy at 1847
ALKEM - BULLISH STRUCTUREALKEM
CMP 2217
Target 2700 plus
Stop 2100
Weekly chart
Stock has formed a Cup and Handle pattern.
Stock is on the verge of breakout of the handle.
Ideal level to go long on the stock would be after getting confirmation of breakout of the cup lip which is at 2350.
