Alembic Pharmaceuticals Stock Analysis - Rising Wedge Formation

27 Tem

🔍 Technical Analysis Update: Alembic Pharmaceuticals Ltd. (NSE: APLLTD) shows a rising wedge pattern on the 15-minute chart, indicating potential bearish trends ahead. 📉 The formation of "Top 1" and "Top 2" suggests a resistance level, with the stock price potentially targeting lower levels. Keep an eye on the target zones highlighted in the chart for strategic entry and exit points.

📊 Current Price: ₹1,206.00
🔻 Potential Target: ₹1,070.00

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