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(ALKEM) Alkem Laboratories complete technical analysis [charts+indicators] | Buy/Sell Alkem Laboratories | (ALKEM) share price targets

Complete technical analysis of Alkem Laboratories (ALKEM) by charts plus indicators, forecast predictions and share price targets for Alkem Laboratories (ALKEM)

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 461035

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	5112.90	5150.00	5168.95	5103.05	0.426 times
29 Thu Feb 2024	5127.35	5018.00	5148.30	4986.00	0.472 times
28 Wed Feb 2024	4990.25	5079.65	5079.80	4957.60	0.381 times
27 Tue Feb 2024	5044.05	5010.00	5096.35	4934.65	1.472 times
26 Mon Feb 2024	5061.85	5405.15	5413.80	4659.00	5.469 times
23 Fri Feb 2024	5421.15	5423.20	5472.10	5355.00	0.306 times
22 Thu Feb 2024	5423.20	5467.00	5479.45	5367.05	0.504 times
21 Wed Feb 2024	5415.50	5425.00	5520.00	5390.10	0.371 times
20 Tue Feb 2024	5402.85	5470.00	5470.00	5350.95	0.265 times
19 Mon Feb 2024	5471.85	5444.60	5498.65	5405.45	0.167 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 5067.1 as stoploss in an intra day buy trade for a target of 5233.14. However, stock will show a bearish move below 5067.1.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	3676.05
Downside Target	4589.25
Downside Target	4763.25
Downside Target	4967.45
Downside Target	5087.95
Upside Target	5315.50
Upside Target	5350.95
Upside Target	5413.80
Upside Target	5420.00
Upside Target	5458.20
Upside Target	5520.00

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	4710
Downside Intraday Target	4307.1
Upside Intraday Target	5464.8
Upside Intraday Target	5816.7
Downside Intraday Target	5061.9

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	5112.90	5405.15	5413.80	4659.00	5.097 times
23 Fri Feb 2024	5421.15	5444.60	5520.00	5350.95	0.534 times
16 Fri Feb 2024	5444.60	5320.00	5458.20	4967.45	0.534 times
09 Fri Feb 2024	5327.90	4925.35	5420.00	4870.00	2.582 times
02 Fri Feb 2024	4917.70	4998.65	5087.95	4781.40	1.496 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Alkem Laboratories (ALKEM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	5112.90	5150.00	5168.95	5103.05	0.022 times
29 Thu Feb 2024	5127.35	5000.15	5520.00	4659.00	2.376 times
31 Wed Jan 2024	4996.05	5209.95	5315.50	4763.25	0.576 times
29 Fri Dec 2023	5202.60	4724.90	5216.75	4589.25	0.973 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 Alkem Laboratories (ALKEM)

Price action analysis of Alkem Laboratories ( (ALKEM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Alkem Laboratories ( (ALKEM) ) based on a short 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 Alkem Laboratories ( (ALKEM) ) 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 Alkem Laboratories ( (ALKEM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Alkem Laboratories stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Alkem Laboratories Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Alkem Laboratories in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Alkem Laboratories is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5120.95 and Alkem Laboratories (ALKEM) 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 Alkem Laboratories (ALKEM) stock. Volume based technical analysis of Alkem Laboratories (ALKEM) stock is negative.

Alkem Laboratories 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.