ALKEM
has recently breakout its resistance level 3300, indicating a potential uptrend. 50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 3430-3460, with target levels at 3640 and 3945. It is important to note that trading carries a risk of loss, and a stop loss at 3300 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
Trade closed: stop reached