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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 2024-10-09 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 216439

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	6294.10	6299.80	6375.55	6270.10	0.656 times
08 Tue Oct 2024	6250.85	6125.25	6266.50	6104.30	0.518 times
07 Mon Oct 2024	6160.25	6230.00	6267.20	6108.65	1.393 times
04 Fri Oct 2024	6194.15	6175.00	6320.00	6083.35	1.542 times
03 Thu Oct 2024	6159.30	6140.00	6195.60	6071.00	1.549 times
01 Tue Oct 2024	6151.25	6099.00	6169.15	6046.00	0.51 times
30 Mon Sep 2024	6052.80	6184.60	6221.65	6030.60	0.607 times
27 Fri Sep 2024	6184.60	6197.15	6213.00	6130.00	0.607 times
26 Thu Sep 2024	6197.15	6209.05	6228.70	6051.20	1.119 times
25 Wed Sep 2024	6226.65	6075.00	6264.00	6024.05	1.158 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6293.3, but if it comes below 6293.3, then a intra day sell could be more profitable.
If you take a sell trade below 6293.3, then use 6293.3 as stoploss and 6189.03 as target. However if you take a buy trade in stock , then use 6293.3 as stoploss and 6418.5 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4407.05
Downside Target	4872.00
Downside Target	5164.75
Downside Target	5450.00
Downside Target	5966.05
Downside Target	6264.00
Upside Target	6320.00
Upside Target	6375.55
Upside Target	6411.25
Upside Target	6439.90

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	6140.42
Downside Intraday Target	5986.73
Upside Intraday Target	6411.67
Upside Intraday Target	6529.23
Downside Intraday Target	6257.98

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	6294.10	6230.00	6375.55	6104.30	0.61 times
04 Fri Oct 2024	6194.15	6184.60	6320.00	6030.60	0.97 times
27 Fri Sep 2024	6184.60	6111.00	6264.00	5966.05	1.386 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

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
09 Wed Oct 2024	6294.10	6099.00	6375.55	6046.00	0.35 times
30 Mon Sep 2024	6052.80	6174.95	6439.90	5966.05	0.493 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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 6186 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.