Stock: Alpa Laboratories Ltd.
Analysis:
Alpa Laboratories is retesting its breakout line (uptrend resistance line) on the weekly chart, a critical level that could act as support. If demand emerges at this level, the stock has the potential to stage up to ₹144. and then later on more
Additional Strength Indicators:
RSI: Momentum remains strong, supporting a potential rebound.
LPS TSS Indicator: Buy signal triggered on the hourly timeframe, suggesting near-term bullishness.
Fundamental Highlights:
Quarterly Net Profit: ₹8 Cr, reflecting a 32.9% YoY growth.
FII/FPI Holdings: Increased from 0.36% to 0.74%, with the number of investors rising from 2 to 5.
Institutional Holdings: Overall increase from 0.36% to 0.74%, signaling growing institutional confidence.
Technical Setup:
Retest Zone: The stock is at a crucial support level, testing its breakout line.
Volume: Monitor for a rise in buying activity to confirm demand.
Trade Plan:
Entry: Near the breakout line retest zone with confirmation of demand.
Target: Pullback to ₹144.
Stop Loss: Below the support zone at ₹128 to manage risk.
Note: Strong fundamentals, improving institutional interest, and technical buy signals make Alpa Laboratories a promising candidate for a pullback trade.
Analysis:
Alpa Laboratories is retesting its breakout line (uptrend resistance line) on the weekly chart, a critical level that could act as support. If demand emerges at this level, the stock has the potential to stage up to ₹144. and then later on more
Additional Strength Indicators:
RSI: Momentum remains strong, supporting a potential rebound.
LPS TSS Indicator: Buy signal triggered on the hourly timeframe, suggesting near-term bullishness.
Fundamental Highlights:
Quarterly Net Profit: ₹8 Cr, reflecting a 32.9% YoY growth.
FII/FPI Holdings: Increased from 0.36% to 0.74%, with the number of investors rising from 2 to 5.
Institutional Holdings: Overall increase from 0.36% to 0.74%, signaling growing institutional confidence.
Technical Setup:
Retest Zone: The stock is at a crucial support level, testing its breakout line.
Volume: Monitor for a rise in buying activity to confirm demand.
Trade Plan:
Entry: Near the breakout line retest zone with confirmation of demand.
Target: Pullback to ₹144.
Stop Loss: Below the support zone at ₹128 to manage risk.
Note: Strong fundamentals, improving institutional interest, and technical buy signals make Alpa Laboratories a promising candidate for a pullback trade.
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Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.