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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 2024-08-06 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 158722

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	5323.10	5400.00	5445.95	5304.60	1.859 times
05 Mon Aug 2024	5314.20	5200.05	5368.30	5164.75	2.504 times
02 Fri Aug 2024	5295.75	5200.00	5344.45	5200.00	0.522 times
01 Thu Aug 2024	5271.30	5353.00	5405.85	5251.10	0.931 times
31 Wed Jul 2024	5309.50	5226.40	5344.90	5194.00	1.229 times
30 Tue Jul 2024	5226.40	5224.90	5245.15	5180.00	0.81 times
29 Mon Jul 2024	5202.05	5325.00	5347.95	5192.55	0.944 times
26 Fri Jul 2024	5289.85	5209.95	5316.85	5189.25	1.079 times
25 Thu Jul 2024	5182.35	5155.00	5206.45	5139.05	0.582 times
24 Wed Jul 2024	5193.15	5207.90	5271.75	5160.65	0.708 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5314.9, but if it comes below 5314.9, then a intra day sell could be more profitable.
If you take a sell trade below 5314.9, then use 5314.9 as stoploss and 5252 as target. However if you take a buy trade in stock , then use 5314.9 as stoploss and 5390.3 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4407.05
Downside Target	4567.05
Downside Target	4739.50
Downside Target	4872.00
Downside Target	5030.40
Upside Target	5348.80
Upside Target	5405.85
Upside Target	5445.95
Upside Target	5450.00
Upside Target	5578.80

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	5176.58
Downside Intraday Target	5030.07
Upside Intraday Target	5457.78
Upside Intraday Target	5592.47
Downside Intraday Target	5311.27

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	5323.10	5200.05	5445.95	5164.75	0.984 times
02 Fri Aug 2024	5295.75	5325.00	5405.85	5180.00	1.138 times
26 Fri Jul 2024	5289.85	5130.00	5316.85	5030.40	0.519 times
19 Fri Jul 2024	5133.65	5236.10	5450.00	5111.55	0.933 times
12 Fri Jul 2024	5198.75	5090.00	5348.80	5063.00	1.516 times

Price has moved up 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
06 Tue Aug 2024	5323.10	5353.00	5445.95	5164.75	0.21 times
31 Wed Jul 2024	5309.50	4992.00	5450.00	4872.00	0.805 times
28 Fri Jun 2024	4991.35	4815.00	5259.00	4407.05	0.811 times
31 Fri May 2024	4810.45	4830.15	5578.80	4739.50	2.222 times

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Alkem Laboratories in short term and BUY signal is strong.

RSI is generating a SELL signal in short term

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 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 5277.98 and Alkem Laboratories (ALKEM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.