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Alkem Outlook for the Week (August 21, 2023 – August 25, 2023)

Alkem closed the previous week on a negative note losing 3.93%.

Technically, Alkem share price will see immediate support at 3,715.23 and immediate resistance would be seen at 3,866.18.

If Alkem share price closes below immediate support of 3,715.23, then sharp breakdown can be seen. Alkem share price will see major support at 3,629.17 for the week.

On the positive side, immediate resistance will be seen at 3,866.18. Closing above 3,866.18, Alkem share price will see a sharp breakout. Major resistance for Alkem share price will be seen at 3,931.07 for the week.

Trading range for Alkem share price for this week should be between 3,564.28 on down side and 4,017.13 on up side.

Alkem Previous Week High: 3845

Alkem Previous Week Low: 3694.05

Alkem Previous Week Range: 150.95 Points

Alkem share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 4,017.13
Resistance 2 3,931.07
Resistance 1 3,866.18
Support 1 3,715.23
Support 2 3,629.17
Support 3 3,564.28

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