Alkem Labs is a stock to consider. It has recently broken out and is trading at all-time highs. Given the sustained buying interest and long build-up in the derivative data, Alkem Labs may continue to rise. The target is around 6,000 to 6,050, with a stop loss at 5,720.
Tech view: Lack of strength limits Nifty’s breakout potential, key support at 23,150. How to trade on Friday
Nifty’s short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest
January 16, 2025