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Alkem closed the previous week on a negative note losing 10.44%.Technically, Alkem share price will see immediate support at 3,667.10 and immediate resistance would be seen at 4,110.05.
If Alkem share price closes below immediate support of 3,667.10, then sharp breakdown can be seen. Alkem share price will see major support at 3,512.10 for the week.
On the positive side, immediate resistance will be seen at 4,110.05. Closing above 4,110.05, Alkem share price will see a sharp breakout. Major resistance for Alkem share price will be seen at 4,398.00 for the week.
Trading range for Alkem share price for this week should be between 3,224.15 on down side and 4,553.00 on up side.
Alkem Previous Week High: 4243
Alkem Previous Week Low: 3800.05
Alkem Previous Week Range: 442.95 Points
Alkem share price support and resistance for the week (August 14, 2023 – August 18, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 4,553.00 |
| Resistance 2 | 4,398.00 |
| Resistance 1 | 4,110.05 |
| Support 1 | 3,667.10 |
| Support 2 | 3,512.10 |
| Support 3 | 3,224.15 |
