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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 2024-04-10 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 178603

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	4824.50	4868.25	4874.20	4813.20	1.029 times
09 Tue Apr 2024	4882.60	4880.00	4920.20	4856.05	0.37 times
08 Mon Apr 2024	4888.35	4919.95	4950.00	4845.30	0.844 times
05 Fri Apr 2024	4912.65	4892.85	5095.00	4880.25	2.152 times
04 Thu Apr 2024	4866.10	4915.00	4915.00	4830.00	0.982 times
03 Wed Apr 2024	4894.65	4933.00	4939.95	4865.65	0.595 times
02 Tue Apr 2024	4955.35	5009.00	5024.90	4911.60	0.651 times
01 Mon Apr 2024	5009.05	4930.15	5044.90	4930.15	0.39 times
28 Thu Mar 2024	4942.00	4935.00	5009.95	4820.05	2.393 times
27 Wed Mar 2024	5004.20	5049.35	5059.10	4962.05	0.504 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4839.7, but if it comes above 4839.7, then a intra day buy could be more profitable.
If you take a sell trade below 4839.7, then use 4839.7 as stoploss and 4741.4 as target. However if you take a buy trade in stock , then use 4839.7 as stoploss and 4921.6 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4589.25
Upside Target	5059.10
Upside Target	5068.80
Upside Target	5095.00
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	4775.13
Downside Intraday Target	4725.77
Upside Intraday Target	4911.93
Upside Intraday Target	4999.37
Upside Intraday Target	4862.57

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	4824.50	4919.95	4950.00	4813.20	0.47 times
05 Fri Apr 2024	4912.65	4930.15	5095.00	4830.00	1.188 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

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
10 Wed Apr 2024	4824.50	4930.15	5095.00	4813.20	0.39 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Alkem Laboratories ( (ALKEM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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 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 Alkem Laboratories 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 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 4912.95 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 negative.

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