Alembic Pharma-Bullish view- Short to Medium term analysis

APLLTD

09.09.2024
Buy-1203
Target 1- 1282
Target 2-1575
Stop Loss- 1020
Risk Reward- 1:2
Holding period- 3 to 6 Months


Very good fundamentals along with below technical analysis

1.Inside bar breakout in weekly TF
2.Trend- Continues uptrend from last one year
3.Price has taken retracement at very strong key level
4.Gradual increase in volumes.
5. Very strong rejection from FVG