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Umang Bhutada

18th Nov · SEBI-Registered Analyst

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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