Alembic Limited
Actualizado

ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUT

1 224
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
Operación activa
7% up, can wait for a couple of days for pull back to finish
Operación activa
Great Moves, Next resistance at 140
Operación activa
Alembic on the move again
Operación activa
CLOSE TO 7% UP, PLZ BOOK PARTIAL PROFITS
Operación activa
Very positive closing above 140
Operación activa
Now at 153, keep trailing SL
Operación activa
ATH BREACHED, REACHED 157.8

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