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

交易進行

7% up, can wait for a couple of days for pull back to finish

交易進行

Great Moves, Next resistance at 140

交易進行

Alembic on the move again

交易進行

CLOSE TO 7% UP, PLZ BOOK PARTIAL PROFITS

交易進行

Very positive closing above 140

交易進行

Now at 153, keep trailing SL