ALKEM is looking bullish. Recently, it broke the resistance with significant volume. If it retests level 4070 and continues the uptrend, it would be a perfect entry to trade ALKEM for a short position. The Monthly and Weekly RSI is above 60, which shows bullishness. Volume is noticeably increasing & stock has been in an uptrend for a longer time frame. If we measure the cup depth, it would be the target on the upside (5300 levels - 30 % from the breakout levels). More than 2 RRR.
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