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manuagarwal21

ALEMBIC LTD - Trendline Breakout

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ALEMBIC LTD (NSE:ALEMBICLTD)  
manuagarwal21  
NSE:ALEMBICLTD   ALEMBIC LTD
Support and Resistance Harmonic Patterns Triangle alembic alembix longterm long-term longsetup longposition longtrade longtradesetup
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supportandresistance harmonicpatterns triangle alembic alembix longterm long-term longsetup longposition longtrade longtradesetup
Alembic 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.









Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.