ALKEM LABORATORIES – Weekly Elliott Wave View
The chart presents a clear 5-wave Elliott impulse in progress. Wave 4 appears to be completed or near completion, resting at the golden 0.618 Fib level of Wave 3. The broader uptrend remains intact inside the long-term channel.
Key Levels:
Support: ₹4,475 – ₹3,956
Resistance: ₹5,272, ₹6,439, ₹6,700, and ₹8,407 (Wave 5 projection)
RSI at 40.58 indicates consolidation but signs of bullish divergence are emerging. A strong bounce from current support could trigger Wave 5 toward new highs.
Bias: Bullish | Awaiting Wave 5 Initiation
The chart presents a clear 5-wave Elliott impulse in progress. Wave 4 appears to be completed or near completion, resting at the golden 0.618 Fib level of Wave 3. The broader uptrend remains intact inside the long-term channel.
Key Levels:
Support: ₹4,475 – ₹3,956
Resistance: ₹5,272, ₹6,439, ₹6,700, and ₹8,407 (Wave 5 projection)
RSI at 40.58 indicates consolidation but signs of bullish divergence are emerging. A strong bounce from current support could trigger Wave 5 toward new highs.
Bias: Bullish | Awaiting Wave 5 Initiation
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.