The stock has stopped making new lows. As a trader can play for a target of 3600 in some weeks. As a invester you can start accumulating the stock. For both investor or trader keep your SL at 2850.
We can see some hurdle at the trendline show on the chart but once that broken It will start new journey on the upside.
Trade active
As per our analysis Alkem is moving so far so good. And now at the mentioned trendline....
People holding trade can book some partial profit as next major move shall be above point B mentioned on charts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.