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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 2024-09-16 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 206252

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	6357.45	6369.00	6411.25	6325.00	0.23 times
13 Fri Sep 2024	6366.25	6339.00	6439.90	6321.10	0.656 times
12 Thu Sep 2024	6347.85	6297.35	6428.90	6281.45	1.42 times
11 Wed Sep 2024	6277.95	6316.85	6359.55	6258.10	0.688 times
10 Tue Sep 2024	6316.85	6268.05	6375.00	6268.05	1.36 times
09 Mon Sep 2024	6268.05	6310.45	6345.10	6250.40	0.515 times
06 Fri Sep 2024	6309.95	6278.00	6346.70	6224.05	0.844 times
05 Thu Sep 2024	6276.55	6244.90	6346.00	6191.95	1.737 times
04 Wed Sep 2024	6207.80	6101.00	6239.25	6059.00	1.65 times
03 Tue Sep 2024	6108.75	6052.15	6170.00	6040.05	0.725 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6315.4, but if it comes below 6315.4, then a intra day sell could be more profitable.
If you take a sell trade below 6315.4, then use 6315.4 as stoploss and 6091.64 as target. However if you take a buy trade in stock , then use 6315.4 as stoploss and 6583.8 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	5864.55
Downside Target	6040.05
Downside Target	6199.90
Downside Target	6325.00
Downside Target	6346.70
Upside Target	6411.25
Upside Target	6439.90

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	6317.88
Downside Intraday Target	6278.32
Upside Intraday Target	6404.13
Upside Intraday Target	6450.82
Upside Intraday Target	6364.57

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	6357.45	6369.00	6411.25	6325.00	0.05 times
13 Fri Sep 2024	6366.25	6310.45	6439.90	6250.40	0.866 times
06 Fri Sep 2024	6309.95	6174.95	6346.70	6040.05	0.656 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

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
16 Mon Sep 2024	6357.45	6174.95	6439.90	6040.05	0.273 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.

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 coming down

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 and the buying is gaining 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 6278.91 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.