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Falling wedge on ALKEM
ALKEM LAB LTD NSE:ALKEM
digijagan
ALKEM formed a falling wedge pattern on daily chart. There was a strong run up in price prior to formation of wedge pattern. Multiple support and resistance were tested before the breakout. However, the breakout did not have huge volume. Wait for following day close to see how the price moves before you enter. Stop loss can be had just below previous swing low with target the broader size of the wedge.
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