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ALKEM LABORATORIES LTD.
Long

Alkem- Looks good for reversal

By Chartworld1
Alkem is taking support at last breakout on weekly timeframe. Volumes were significantly higher since Pharma sector will now be flavor. This could give around 15-25%(depending on market condition.) RS is still +ve and RSI is in oversold zone. We can see a pullback.

SL should be around 3100(WCB)
Trend Analysis
Chartworld1
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