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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 2024-08-26 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 401374

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	5818.65	5795.15	5831.00	5700.00	0.355 times
23 Fri Aug 2024	5753.85	5802.00	5805.00	5725.55	0.623 times
22 Thu Aug 2024	5768.05	5862.00	5864.55	5748.50	0.854 times
21 Wed Aug 2024	5790.00	5731.00	5828.90	5723.80	0.669 times
20 Tue Aug 2024	5733.05	5748.50	5798.00	5705.05	0.923 times
19 Mon Aug 2024	5740.70	5722.15	5764.65	5677.35	0.504 times
16 Fri Aug 2024	5681.95	5750.00	5750.00	5625.60	0.746 times
14 Wed Aug 2024	5682.60	5750.00	5816.85	5672.60	0.881 times
13 Tue Aug 2024	5709.40	5734.00	5795.20	5672.00	0.761 times
12 Mon Aug 2024	5714.85	5850.00	5850.00	5656.95	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 5788.5, but if it comes below 5788.5, then a intra day sell could be more profitable.
If you take a sell trade below 5788.5, then use 5788.5 as stoploss and 5566.58 as target. However if you take a buy trade in stock , then use 5788.5 as stoploss and 6054.8 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	5095.00
Downside Target	5405.85
Downside Target	5578.80
Downside Target	5700.00
Upside Target	5831.00
Upside Target	5848.00
Upside Target	5850.00
Upside Target	5864.55

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	5735.43
Downside Intraday Target	5652.22
Upside Intraday Target	5866.43
Upside Intraday Target	5914.22
Downside Intraday Target	5783.22

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	5818.65	5795.15	5831.00	5700.00	0.099 times
23 Fri Aug 2024	5753.85	5722.15	5864.55	5677.35	1.154 times
16 Fri Aug 2024	5681.95	5850.00	5850.00	5625.60	0.396 times
09 Fri Aug 2024	5796.85	5200.05	5848.00	5164.75	4.453 times
02 Fri Aug 2024	5295.75	5325.00	5405.85	5180.00	1.138 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
26 Mon Aug 2024	5818.65	5353.00	5864.55	5164.75	1.405 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 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 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 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 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 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 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 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 BUY signal in short term but buying 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 5733.3 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 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 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.