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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 2024-09-03 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 300193

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	6108.75	6052.15	6170.00	6040.05	0.498 times
02 Mon Sep 2024	6073.65	6174.95	6190.00	6057.60	0.278 times
30 Fri Aug 2024	6170.35	6020.00	6199.90	5998.50	1.429 times
29 Thu Aug 2024	5999.30	6009.95	6064.80	5961.00	0.662 times
28 Wed Aug 2024	5997.40	5896.50	6021.10	5850.30	1.28 times
27 Tue Aug 2024	5891.00	5858.00	5991.55	5822.05	1.774 times
26 Mon Aug 2024	5818.65	5795.15	5831.00	5700.00	0.474 times
23 Fri Aug 2024	5753.85	5802.00	5805.00	5725.55	0.833 times
22 Thu Aug 2024	5768.05	5862.00	5864.55	5748.50	1.142 times
21 Wed Aug 2024	5790.00	5731.00	5828.90	5723.80	0.895 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5994.1, but if it comes below 5994.1, then a intra day sell could be more profitable.
If you take a sell trade below 5994.1, then use 5994.1 as stoploss and 5797.64 as target. However if you take a buy trade in stock , then use 5994.1 as stoploss and 6229.9 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4407.05
Downside Target	4739.50
Downside Target	4872.00
Downside Target	5164.75
Downside Target	5450.00
Downside Target	5578.80
Downside Target	5848.00
Downside Target	6040.05
Upside Target	6190.00
Upside Target	6199.90

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	6035.87
Downside Intraday Target	5962.98
Upside Intraday Target	6185.82
Upside Intraday Target	6262.88
Upside Intraday Target	6112.93

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	6108.75	6174.95	6190.00	6040.05	0.138 times
30 Fri Aug 2024	6170.35	5795.15	6199.90	5700.00	1.176 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

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 Tue Sep 2024	6108.75	6174.95	6190.00	6040.05	0.03 times
30 Fri Aug 2024	6170.35	5353.00	6199.90	5164.75	1.756 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

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 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 losing 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 SELL signal for Alkem Laboratories in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

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 5932.76 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.