Alkem Laboratories Limited is in a rising trend
channel in the medium long term. This shows
that investors over time have bought the stock
at higher prices and indicates good
development for the company. The stock has
broken a resistance level in the short term and
given a positive signal for the short-term
trading range.
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There is no resistance in the
price chart and further rise is indicated. In
case of a negative reaction, the stock has
support at approximately 3320 rupee. The
RSI curve shows a rising trend, which
supports the positive trend. The stock is
overall assessed as technically positive for
the medium long term.