ALKEM - In a range
ALKEM continues to remain range-bound, with repeated 20-DMA and 50-DMA crossovers reflecting the absence of a sustained trend. The moving averages are nearly flat, indicating balanced buying and selling pressure. Support is placed near the recent range lows, while the upper end of the range remains the immediate resistance. A decisive breakout from this range is likely to determine the stock's next directional move.
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