ALKEM | TECHNO-FUNDA ANALYSIS
Alkem Laboratories Ltd – 1D
ALKEM
Trend
Overall uptrend with clean higher highs & higher lows. Recently pulled back after testing the fresh breakout zone.
Support & Resistance
Immediate Support: 5,602
Major Support: 5,232
Major Resistance / Fresh Breakout Level: 5,868
Next Big Resistance: 6,185
Expected Move
A retest of 5,602 is possible.
Holding above 5,602 may give another push toward 5,868 → 6,185.
Break below 5,602 may extend correction toward 5,232.
Fundamentals (Short)
Strong long-term pharma play, stable revenue growth, leadership in chronic therapies, steady margins.
Final Verdict
Buy-on-dips as long as 5,602 holds. Break below this = deeper pullback.
#FundamentalViews#TechnicalViews

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