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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 2024-09-05 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 285272

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	6276.55	6244.90	6346.00	6191.95	1.256 times
04 Wed Sep 2024	6207.80	6101.00	6239.25	6059.00	1.193 times
03 Tue Sep 2024	6108.75	6052.15	6170.00	6040.05	0.524 times
02 Mon Sep 2024	6073.65	6174.95	6190.00	6057.60	0.292 times
30 Fri Aug 2024	6170.35	6020.00	6199.90	5998.50	1.504 times
29 Thu Aug 2024	5999.30	6009.95	6064.80	5961.00	0.696 times
28 Wed Aug 2024	5997.40	5896.50	6021.10	5850.30	1.346 times
27 Tue Aug 2024	5891.00	5858.00	5991.55	5822.05	1.866 times
26 Mon Aug 2024	5818.65	5795.15	5831.00	5700.00	0.499 times
23 Fri Aug 2024	5753.85	5802.00	5805.00	5725.55	0.876 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 6299.5, for a target of 6070.7 or 5880.09

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
Downside Target	6199.90
Upside Target	6346.00

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	6095.73
Downside Intraday Target	5914.92
Upside Intraday Target	6401.68
Upside Intraday Target	6526.82
Downside Intraday Target	6220.87

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	6276.55	6174.95	6346.00	6040.05	0.552 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 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
05 Thu Sep 2024	6276.55	6174.95	6346.00	6040.05	0.121 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 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 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 stronger in this stock.

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 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 6041.4 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.