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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 2024-11-04 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 161305

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	5798.30	5762.40	5808.20	5720.00	0.64 times
01 Fri Nov 2024	5805.25	5820.75	5837.55	5750.00	0.034 times
31 Thu Oct 2024	5779.25	5794.65	5854.50	5763.40	0.872 times
30 Wed Oct 2024	5795.60	5930.00	5975.40	5773.25	0.821 times
29 Tue Oct 2024	5928.30	6060.00	6060.20	5825.00	1.166 times
28 Mon Oct 2024	6039.55	5954.30	6084.50	5916.00	0.777 times
25 Fri Oct 2024	5942.55	5958.00	6008.25	5891.90	0.578 times
24 Thu Oct 2024	5960.95	5900.00	5984.95	5864.05	1.268 times
23 Wed Oct 2024	5854.55	6111.00	6185.55	5805.00	1.528 times
22 Tue Oct 2024	6110.25	6189.90	6220.75	6085.60	1.343 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5871.6, but if it comes above 5871.6, then a intra day buy could be more profitable.
If you take a sell trade below 5871.6, then use 5871.6 as stoploss and 5668.8 as target. However if you take a buy trade in stock , then use 5871.6 as stoploss and 6040.66 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4872.00
Downside Target	5164.75
Downside Target	5450.00
Downside Target	5720.00
Upside Target	5966.05
Upside Target	6084.50
Upside Target	6199.90
Upside Target	6250.00
Upside Target	6318.55
Upside Target	6375.55
Upside Target	6439.90

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	5742.8
Downside Intraday Target	5687.3
Upside Intraday Target	5831
Upside Intraday Target	5863.7
Downside Intraday Target	5775.5

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	5798.30	5762.40	5808.20	5720.00	0.175 times
01 Fri Nov 2024	5805.25	5954.30	6084.50	5750.00	0.58 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

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
04 Mon Nov 2024	5798.30	5820.75	5837.55	5720.00	0.027 times
31 Thu Oct 2024	5779.25	6099.00	6375.55	5763.40	1.052 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but selling 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 5921.8 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.