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Chartworld1

Alkem- Looks good for reversal

Long
ALKEM LAB LTD (NSE:ALKEM)  
Chartworld1  
NSE:ALKEM   ALKEM LAB LTD
Trend Analysis
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trendanalysis
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)
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