ilmscore | Prediction Details
"Alel reverse Head and Shoulder on weekly breakout let us see Al on weekly it's a downward trending downward sloping trend line breakout very clear breakout with good volumes also now coming up in the stock so any anywhere the stock is trading above this now see again basics of technical analysis earlier this has acted as a resistance... break out once it has broken"
By CA Rachana Phadke Ranade | July 25, 2024 | Incorrect
From video
Indexation removed - Understanding the impact | Intra day trading | CA Rachana Ranade 00:48:00 - 00:49:07
Interpreted Prediction
Predicted an upward movement for AEL following a clear downward sloping trend line breakout with good volumes.
AI Evaluation Notes
The prediction anticipated an upward movement for Alkem Laboratories (AEL) following a trend line breakout. However, from late August/early September 2024, when the stock was trading around 6000-6300 INR, its price has moved downwards to approximately 5667.50 INR by December 2025. This represents a decrease of approximately 8-11%, which is contrary to the predicted upward movement.

Prediction Details

Topic
AEL (Alkem Laboratories)
Target
Upward movement
Predicted date
Short-term/medium-term

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