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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 2024-04-03 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 172632

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	4894.65	4933.00	4939.95	4865.65	0.616 times
02 Tue Apr 2024	4955.35	5009.00	5024.90	4911.60	0.673 times
01 Mon Apr 2024	5009.05	4930.15	5044.90	4930.15	0.403 times
28 Thu Mar 2024	4942.00	4935.00	5009.95	4820.05	2.476 times
27 Wed Mar 2024	5004.20	5049.35	5059.10	4962.05	0.521 times
26 Tue Mar 2024	5002.15	4650.00	5022.50	4650.00	1.157 times
22 Fri Mar 2024	4789.75	4829.10	4829.10	4770.05	0.801 times
21 Thu Mar 2024	4795.95	4800.00	4835.00	4744.85	1.594 times
20 Wed Mar 2024	4784.15	4897.40	4903.10	4767.60	1.06 times
19 Tue Mar 2024	4871.80	5000.00	5000.30	4862.85	0.842 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 4869.7 as stoploss in an intra day buy trade for a target of 4989.85. However, stock will show a bearish move below 4869.7.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4589.25
Upside Target	5043.60
Upside Target	5044.90
Upside Target	5059.10
Upside Target	5068.80
Upside Target	5216.75
Upside Target	5225.00
Upside Target	5315.50
Upside Target	5520.00

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	4825.23
Downside Intraday Target	4755.82
Upside Intraday Target	5004.48
Upside Intraday Target	5114.32
Upside Intraday Target	4935.07

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	4894.65	4930.15	5044.90	4865.65	0.407 times
28 Thu Mar 2024	4942.00	4650.00	5059.10	4650.00	0.871 times
22 Fri Mar 2024	4789.75	5050.00	5068.80	4744.85	0.94 times
15 Fri Mar 2024	5045.20	5188.00	5225.00	4857.05	1.477 times
07 Thu Mar 2024	5144.30	5156.55	5225.00	5043.60	0.156 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 Alkem Laboratories (ALKEM)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	4894.65	4930.15	5044.90	4865.65	0.091 times
28 Thu Mar 2024	4942.00	5150.00	5225.00	4650.00	0.362 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

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 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 Alkem Laboratories ( (ALKEM) ) based on a short 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.

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 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 Alkem Laboratories stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Alkem Laboratories Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Alkem Laboratories in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4895.44 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 negative.

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