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ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUT

Hi All,

This idea is about Alembic Ltd

Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets.

Fundamentals:

Market Cap ₹ 3,087 Cr.
Current Price ₹ 120
High / Low ₹ 122 / 72.2
Stock P/E 11.5
Book Value ₹ 85.1
ROCE 4.86 %
ROE 12.6 %
Equity capital ₹ 51.4 Cr.
EPS ₹ 10.5
Promoter holding 70.9 %
Market Cap to Sales 19.6
Sales growth 23.8 %

Technicals

As can be seen in the weekly chart of Alembic Ltd, if the price crosses 123 resistance it has an upside of 13% before meeting TOP RESISTANCE. Beyond that the stock will venture into uncharted territory of making ATH

Trade should not be taken before the price close above MAJOR RESISTANCE

Cup and handle formation with trend line resistance

Happy Trading,

Thanks,
Stock-n-Shine
Dagangan aktif
7% up, can wait for a couple of days for pull back to finish
Dagangan aktif
Great Moves, Next resistance at 140
Dagangan aktif
Alembic on the move again
Dagangan aktif
CLOSE TO 7% UP, PLZ BOOK PARTIAL PROFITS
Dagangan aktif
Very positive closing above 140
Dagangan aktif
Now at 153, keep trailing SL
Dagangan aktif
ATH BREACHED, REACHED 157.8
Stock-n-Shine
Juga pada:
Cup And HandlecupandhandlebreakoutcupandhandlepatterncupnhandlecuppatternpriceactionanalysisSupply and DemandsupplyandemandzonessupplydemandanalyticssupplydemandtradingSupport and Resistance
Stock-n-Shine
Juga pada:

Penafian

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