ALKEM LAB BULLSIH PATTERN _Daily Timeframe_

26 giu 2023

ALKEM

Stock is consolidating between 3350 to 3450 approximately a month. Price 3350 is holding as good support.

Currently we can see there is a morning star pattern(Bullish Pattern) at support which is a sign of strength. We can go long at these levels and keep SL below swing. The stock should not open gap down on 28th June.

Following to this check 1hr time frame we can see there is a reverse head and shoulder although the Shoulder length is a bit low compare to usual H&S.

This is a good opportunity for positional traders stock has potential to go 3600 in upcoming weeks.

Keep eye, Thank you.


This is only for educational purpose, please manage your risk accordingly.