ALEMBIC LTD
Long

Alembic limited, consolidation going on

78
Technical- Price is in uptrend but rsi is in downtrend , signal for price to go down, the lower bottom channel may be hit around 100, currently price seems following a triangular channel, if follows then we may see small body candles formation (dozi) till 100 level, this process may go for 2 weeks . we have a strong rsi support a 46.46 level, price has not gone down below this level since April, even before corona period rsi has strongly mentioned this level, follow this level, if rsi hits this level , we may expect a reversal. one can add between 99-103, for target 122, 140.

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