Alembic Pharmaceuticals Ltd – Technical View
Timeframe: Daily
The stock was in a strong falling channel and has now shown a sharp rebound from the lower band, indicating short-term trend reversal attempts. Price has moved back above the short-term average with improving momentum.
However, it is still trading below the major upper band / supply zone, so follow-through confirmation is important.
🔑 Key Levels
Immediate Resistance: ₹820 – ₹835
Major Resistance / Target Zone: ₹870 – ₹900
Support Zone: ₹780 – ₹760
Invalidation: Below ₹750
📈 Outlook
Holding above ₹780 keeps the pullback-buy structure active.
A sustained breakout above ₹835 can trigger a move towards ₹870–₹900.
Rejection near resistance may lead to range-bound consolidation.
⚠️ Educational view only. Not a buy/sell recommendation.
— AALGO BREATHS 📉📊