Alembic Ltd - Great Investment

evvelsi gün

Monthly Chart (For Long term investments I use Monthly and Weekly Charts)

• Beautiful Rounding Bottom spanning across 3 years
  
• Previous All Time High and Neckline breakout @128 levels
  
• Price went up to 160 and then beautifully retested @128
• Now on bullish trajectory
  
• Monthly RSI beautifully retested 60 levels and curved up indicating bullish bias
  
• Fundamentals are on growth trajectory
  

Trade Execution

• Accumulate at dips from CMP of 150
  
• Target - Rounding Bottom Pattern Target of 200
  
• Trailing Stop Loss Weekly SuperTrend 10,3 or 10,2
  
• Stop Loss - Monthly Closing below 128