mklives

alembic pharma.. trend reversal?

Long
NSE:APLLTD   ALEMBIC PHARMACEUT
Alembic pharma saw a massive reversal up 8%on friday Nov 30th 2018
Again it has bounced of near the 200 dma zone for the 3rd time..548 550 has become a strong support.

buy on dips 585 to 595. broke out of the channel with high volume and big price action..

fundamentally strong and long term technicals are strong

NOTE: Analysis is of my personal view. Please do your own homework before trading or investing.

Please like the analysis if u like it :)

Happy December

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