ALPA trade ideas
Alpa Laboratories Ltd *_Alpa Laboratories Ltd _*
C&H Formation on Yearly Basis.
Strong Vol. Consolidation, Continued BuiltUp.
Price BreakOut above C&H Price Trendline to be Watched.
If Sustains Above 90, Then Good to Go!!
Trail SL with Upside.
Book Profit as per Risk Appetite.
Stable Sales / Profitability: Qtrly / Yearly Basis.
Small Co. Negligible Debt. Strong / Growing TNW. Stable Promoter Stake.
Concerns: Stretched WC Cycle. -ve aCF from Ops. No FII / DII Stake.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
ALPA LABSAs Stock is in uptrend and price is holding upper level and it is trading at 52 week high
If stock consolidates in the same range (95-100) for 2/3 days then we can expect a breakout
Can move 20/30% from CMP
SL should be as per closing basis
if any day closed below 94 then exit the trade.
#priceactionisthekey