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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 2024-09-23 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 163474

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	5982.45	6111.00	6135.00	5966.05	0.607 times
20 Fri Sep 2024	6086.75	6155.95	6168.60	6042.50	1.487 times
19 Thu Sep 2024	6136.85	6122.40	6199.95	6081.30	0.758 times
18 Wed Sep 2024	6090.30	6244.95	6255.00	6050.00	0.687 times
17 Tue Sep 2024	6216.85	6345.00	6357.95	6182.65	0.923 times
16 Mon Sep 2024	6357.45	6369.00	6411.25	6325.00	0.29 times
13 Fri Sep 2024	6366.25	6339.00	6439.90	6321.10	0.828 times
12 Thu Sep 2024	6347.85	6297.35	6428.90	6281.45	1.792 times
11 Wed Sep 2024	6277.95	6316.85	6359.55	6258.10	0.868 times
10 Tue Sep 2024	6316.85	6268.05	6375.00	6268.05	1.716 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6036, but if it comes above 6036, then a intra day buy could be more profitable.
If you take a sell trade below 6036, then use 6036 as stoploss and 5870.2 as target. However if you take a buy trade in stock , then use 6036 as stoploss and 6174.12 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	5700.00
Downside Target	5966.05
Upside Target	6199.90
Upside Target	6250.40
Upside 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	5920.67
Downside Intraday Target	5858.88
Upside Intraday Target	6089.62
Upside Intraday Target	6196.78
Upside Intraday Target	6027.83

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	5982.45	6111.00	6135.00	5966.05	0.147 times
20 Fri Sep 2024	6086.75	6369.00	6411.25	6042.50	0.708 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

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
23 Mon Sep 2024	5982.45	6174.95	6439.90	5966.05	0.367 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Alkem Laboratories ( (ALKEM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Alkem Laboratories in short term but the sell signal is initial and weak.

Alkem Laboratories Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Alkem Laboratories in short term and SELL 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 6230.95 and Alkem Laboratories (ALKEM) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.