Alembic Pharmaceuticals is breaking out after 3.6 years of consolidation on the weekly time frame. Breakout point is ₹ 1108. Enter at the current price of ₹ 1219 with the Target 1 of ₹ 1430. A breakout above ₹ 1430 could lead to a target 2 of ₹ 1740. Stop loss below ₹ 800 on the closing basis.
