ALKEM trade ideas
Breakout retest and moving upAlkem Labs break out from channel, retest and move up. Targets are 4087, 4297, 4868..This is idea, not a recommendation.
ALKEM - Bullish Multiple confirmations -
a) Aroon crossover
b) 5*21EMA crossover
c) Inverted Mountain hill breached.
d) POC support.
Poised to make further gains
Trade in Alkem LabThis scrip had broke the expanding channel pattern and there may be a moderate bullish move in this scrip.
Do consider this scrip for swing trades, may have your SL not more than 5% and try to add up more quantities during pullback.
Breakout from channelAlkem has been in the channel for some time doing higher highs....and has BO'd out of it. Targets marked.
Alkem labs Multi year breakout in Weekly time frame #alkemlabsStock has been giving small triangle breakouts once in a few months, but currently it has broken out a multi year pattern, expecting a bull run soon with SL at 3100 for short term Traders. #Alkemlabs
BREAKOUT FROM YEAR LONG PARALLEL CHANNELBREAKOUT FROM YEAR LONG PARALLEL CHANNEL YESTERDAY. RETEST OF THE TRENDLINE SUPPORT DONE WITH A BULLISH PIN BAR.GOOD UPSIDE POTENTIAL.
Alkem Labs - Multi Year Breakout- Multi year Breakout from All time High
- ALKEM showing good breakout after a long range consolidation with Volume expansion
- May retest the breakout levels and then regain bullish momentum
- RSI placed at 71 ( Uptrend )
- Entry can be made at around 3150-3180 levels
* Educational purposes only
Buy on retracement.Buy on retracement. There is still a gap to touch trend line. But its ok to enter now by cash. Price movement and target as mentioned in chart.
