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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 2024-11-08 View latest technical analysis

10 day averaged volume of Alkem Laboratories is 163064

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	5706.50	5726.85	5786.90	5677.60	1.586 times
07 Thu Nov 2024	5723.80	5920.00	5958.90	5675.15	2.82 times
06 Wed Nov 2024	5853.80	5700.20	5865.00	5661.00	1.165 times
05 Tue Nov 2024	5670.35	5767.00	5867.20	5620.10	1.179 times
04 Mon Nov 2024	5798.30	5762.40	5808.20	5720.00	0.634 times
01 Fri Nov 2024	5805.25	5820.75	5837.55	5750.00	0.033 times
31 Thu Oct 2024	5779.25	5794.65	5854.50	5763.40	0.863 times
30 Wed Oct 2024	5795.60	5930.00	5975.40	5773.25	0.812 times
29 Tue Oct 2024	5928.30	6060.00	6060.20	5825.00	1.154 times
28 Mon Oct 2024	6039.55	5954.30	6084.50	5916.00	0.769 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5767.1, but if it comes above 5767.1, then a intra day buy could be more profitable.
If you take a sell trade below 5767.1, then use 5767.1 as stoploss and 5553.9 as target. However if you take a buy trade in stock , then use 5767.1 as stoploss and 5944.72 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	5620.10
Upside Target	5750.00
Upside Target	5958.90
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	5564.77
Downside Intraday Target	5423.03
Upside Intraday Target	5903.57
Upside Intraday Target	6100.63
Upside Intraday Target	5761.83

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	5706.50	5762.40	5958.90	5620.10	2.034 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Alkem Laboratories (ALKEM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	5706.50	5820.75	5958.90	5620.10	0.302 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Alkem Laboratories stock for short term is SELL. Signal strength is Strong and stock is losing 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 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 5786.96 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.