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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 2024-10-29 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 184733

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	5928.30	6060.00	6060.20	5825.00	1.018 times
28 Mon Oct 2024	6039.55	5954.30	6084.50	5916.00	0.678 times
25 Fri Oct 2024	5942.55	5958.00	6008.25	5891.90	0.504 times
24 Thu Oct 2024	5960.95	5900.00	5984.95	5864.05	1.108 times
23 Wed Oct 2024	5854.55	6111.00	6185.55	5805.00	1.334 times
22 Tue Oct 2024	6110.25	6189.90	6220.75	6085.60	1.172 times
21 Mon Oct 2024	6158.35	6170.00	6250.00	6099.95	1.409 times
18 Fri Oct 2024	6132.75	6012.50	6158.00	6012.50	1.372 times
17 Thu Oct 2024	6023.00	6108.55	6195.45	5998.00	0.861 times
16 Wed Oct 2024	6094.30	6299.95	6299.95	6042.50	0.968 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5996.1, but if it comes above 5996.1, then a intra day buy could be more profitable.
If you take a sell trade below 5996.1, then use 5996.1 as stoploss and 5853.4 as target. However if you take a buy trade in stock , then use 5996.1 as stoploss and 6114.99 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	5805.00
Upside Target	5966.05
Upside Target	6199.90
Upside Target	6250.00
Upside Target	6318.55
Upside Target	6320.00
Upside Target	6375.55
Upside Target	6439.90

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	5807.37
Downside Intraday Target	5686.43
Upside Intraday Target	6066.87
Upside Intraday Target	6205.43
Upside Intraday Target	5945.93

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	5928.30	5954.30	6084.50	5825.00	0.307 times
25 Fri Oct 2024	5942.55	6170.00	6250.00	5805.00	1.24 times
18 Fri Oct 2024	6132.75	6191.30	6318.55	5998.00	1.031 times
11 Fri Oct 2024	6191.30	6230.00	6375.55	6071.40	0.877 times
04 Fri Oct 2024	6194.15	6184.60	6320.00	6030.60	0.97 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
29 Tue Oct 2024	5928.30	6099.00	6375.55	5805.00	0.98 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 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 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 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 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 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 and the sell signal is strong.

Alkem Laboratories Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 6031.95 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.