🔹 Price Action Alembic Pharma has been consolidating within a broad channel after witnessing strong volatility over the past two years. Currently, the stock is trading around ₹965, stuck between a major resistance at ₹1031 and a support at ₹912. 🔹 Technical View Support Zone: ₹912 – aligned with horizontal demand zone and trendline support. Resistance Zone: ₹1031 – immediate supply level. A breakout above this could open further upside. Stop Loss (SL): ₹866 (close below this would weaken the structure). RSI: Momentum indicator is still below its downward sloping trendline, suggesting buyers haven’t fully regained strength yet. Sustained move above RSI resistance could confirm trend reversal. Volume: Spike seen during recent recovery, showing accumulation interest at lower levels. 🔹 Levels to Watch Support: ₹912 / ₹866 Resistance: ₹1031 Major Trend Support: Long-term upward blue trendline remains intact. 📊 Summary Alembic Pharma is at a make-or-break stage. Holding ₹912 while attempting to cross ₹1031 will be crucial for further upside. RSI needs confirmation for strength. Breakdown below ₹866 would shift bias to negative. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.

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