Alkem Lab - Retracement before moving higher! The market structure is Bullish and the price is giving a retracement to the previous flip zone. Price has been testing the previous supply zone which is now turned into a demand zone. This zone has a confluence with 0.618 Fib and the 200MA.
Targets: 3083, 3143
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
