Alkem Laboratories Ltd – Bullish Breakout From Consolidation

$ALKEM The stock has given a strong breakout from a prolonged consolidation zone with a bullish candle and rising momentum, indicating potential continuation of the uptrend. 🔎 Technical Observations: • Breakout above consolidation range • Strong bullish candle with volume support • Price holding above key moving average • Momentum indicators turning positive • Trend structure remains bullish 🔑 Key Levels: • Support: ₹5,680 – ₹5,610 • Major Support: ₹5,495 – ₹5,425 • Resistance: ₹5,940 – ₹6,050 🚀 Upside Targets: • ₹5,940 • ₹6,050 • ₹6,160+ 📉 Risk Scenario: A sustained move below ₹5,610 may weaken the current bullish setup. 📈 Trading View: 👉 Fresh breakout suggests renewed buying interest. Sustaining above ₹5,830 can extend the rally towards higher resistance levels. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊