Alembic Pharmaceuticals Ltd – Technical View

📊 Alembic Pharmaceuticals Ltd – Technical View Timeframe: Daily The stock was in a strong falling channel and has now shown a sharp rebound from the lower band, indicating short-term trend reversal attempts. Price has moved back above the short-term average with improving momentum. However, it is still trading below the major upper band / supply zone, so follow-through confirmation is important. 🔑 Key Levels Immediate Resistance: ₹820 – ₹835 Major Resistance / Target Zone: ₹870 – ₹900 Support Zone: ₹780 – ₹760 Invalidation: Below ₹750 📈 Outlook Holding above ₹780 keeps the pullback-buy structure active. A sustained breakout above ₹835 can trigger a move towards ₹870–₹900. Rejection near resistance may lead to range-bound consolidation. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS 📉📊