Chart Update: Alkem Laboratories Ltd

CMP 2190.


Pharma stocks which used to be a safe heaven is nowadays bit volatile thanks to the FDA issues all the time. Alkem at cmp 2190 is having a V-Top Pattern breakout which looks set to take the stock to higher levels. Fundamentally too Alkem is not very expensive and trading at par with peers. I feel at cmp of 2190 the stock can do well with a stop-loss of around 2100 the stock can give a move of 15-20% in the short-term.

DISCLAIMER:  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

DISCLOSURE: It is safe to assume that i might have Alkem Laboratories Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.


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