The fundamental reasons is their is no bad news regarding the alkem company and in this month company apply the certification for the pharmacal drugs related to diabetes and according to gimini it got approved by the us gov.
and i found the artical on ecnomic times that the institutional investor meeting will be held on 2nd dec. tody is 1dec night in canada.
Technical reasons are:
1.golden fib zone is below the the price, i.e, price bounce from that zone
2. price near 200 ema
3.touching to the main TL as a resistance
4. fibo is 50-60% from last swing
5. Unusual High volume at support,
SL Liquidation i assume
6. Sector TA is in channel, near lower line.
https://www.tradingview.com/x/KHJSMULe/
and i found the artical on ecnomic times that the institutional investor meeting will be held on 2nd dec. tody is 1dec night in canada.
Technical reasons are:
1.golden fib zone is below the the price, i.e, price bounce from that zone
2. price near 200 ema
3.touching to the main TL as a resistance
4. fibo is 50-60% from last swing
5. Unusual High volume at support,
SL Liquidation i assume
6. Sector TA is in channel, near lower line.
https://www.tradingview.com/x/KHJSMULe/
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