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(ALANKIT_BE) Alankit complete technical analysis [charts+indicators] | Buy/Sell Alankit | (ALANKIT_BE) share price targets

Complete technical analysis of Alankit (ALANKIT_BE) by charts plus indicators, forecast predictions and share price targets for Alankit (ALANKIT_BE)

10 day averaged volume of Alankit is 139774

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	16.85	16.90	17.05	16.50	1.238 times
07 Tue May 2024	17.20	17.70	18.00	17.10	1.649 times
06 Mon May 2024	18.00	18.95	19.00	17.70	2.399 times
03 Fri May 2024	18.10	18.25	18.25	18.10	0.819 times
02 Thu May 2024	18.45	18.40	18.45	18.40	1.657 times
30 Tue Apr 2024	18.75	18.75	18.75	18.75	0.91 times
29 Mon Apr 2024	18.40	18.40	18.40	18.40	0.834 times
26 Fri Apr 2024	18.05	18.05	18.05	18.05	0.399 times
25 Thu Apr 2024	17.70	17.70	17.70	17.70	0.496 times
24 Wed Apr 2024	17.40	17.40	17.40	17.40	0.562 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 16.8 as stoploss in an intra day buy trade for a target of 17.46. However, stock will show a bearish move below 16.8.

Share price targets for Alankit (ALANKIT_BE)

Target Type	Value
Downside Target	15.20
Downside Target	16.50
Upside Target	17.65
Upside Target	18.10
Upside Target	18.75
Upside Target	19.00
Upside Target	20.35
Upside Target	20.80
Upside Target	23.60

Intraday share price targets for Alankit (ALANKIT_BE)

Target Type	Value
Downside Intraday Target	15.9
Downside Intraday Target	14.95
Upside Intraday Target	18.4
Upside Intraday Target	19.95
Upside Intraday Target	17.45

Weekly technical analysis of Alankit (ALANKIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	16.85	18.95	19.00	16.50	1.252 times
03 Fri May 2024	18.10	18.40	18.75	18.10	1.487 times
26 Fri Apr 2024	18.05	16.80	18.05	16.80	1.403 times
19 Fri Apr 2024	16.50	17.10	17.10	16.50	0.402 times
12 Fri Apr 2024	17.40	17.40	17.65	17.05	1.177 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Alankit (ALANKIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	16.85	18.40	19.00	16.50	0.488 times
30 Tue Apr 2024	18.75	18.45	18.75	16.50	0.3 times
28 Thu Mar 2024	17.75	18.85	20.35	15.20	0.573 times
29 Thu Feb 2024	18.80	18.35	20.80	17.90	0.5 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Alankit (ALANKIT_BE)

Price action analysis of Alankit ( (ALANKIT_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Alankit ( (ALANKIT_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Alankit ( (ALANKIT_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Alankit stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Alankit in short term but the sell signal is initial and weak.

Alankit Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Alankit in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Alankit is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.88 and Alankit (ALANKIT_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Alankit (ALANKIT_BE) stock. Volume based technical analysis of Alankit (ALANKIT_BE) stock is negative.

Alankit Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.