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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)

10 day averaged volume of Alkem Laboratories is 270990

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	4652.85	4649.95	4667.45	4589.25	0.939 times
04 Mon Dec 2023	4613.15	4649.00	4667.15	4601.00	0.731 times
01 Fri Dec 2023	4647.90	4724.90	4741.95	4621.75	0.975 times
30 Thu Nov 2023	4723.55	4591.30	4795.50	4561.05	1.373 times
29 Wed Nov 2023	4567.25	4600.00	4606.70	4543.00	0.545 times
28 Tue Nov 2023	4554.20	4587.00	4613.55	4515.05	1.483 times
24 Fri Nov 2023	4557.80	4532.25	4593.45	4526.30	0.732 times
23 Thu Nov 2023	4521.15	4540.00	4574.40	4502.65	1.145 times
22 Wed Nov 2023	4530.95	4500.00	4572.95	4466.75	1.469 times
21 Tue Nov 2023	4488.30	4410.00	4500.00	4401.05	0.908 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4611.8, but if it comes below 4611.8, then a intra day sell could be more profitable.
If you take a sell trade below 4611.8, then use 4611.8 as stoploss and 4443.37 as target. However if you take a buy trade in stock , then use 4611.8 as stoploss and 4814 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	3447.00
Downside Target	3635.00
Downside Target	4243.00
Downside Target	4515.05
Downside Target	4589.25
Downside Target	4593.45
Upside Target	4667.45
Upside Target	4741.95
Upside Target	4795.50

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	4605.58
Downside Intraday Target	4558.32
Upside Intraday Target	4683.78
Upside Intraday Target	4714.72
Downside Intraday Target	4636.52

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	4652.85	4649.00	4667.45	4589.25	0.382 times
01 Fri Dec 2023	4647.90	4587.00	4795.50	4515.05	0.894 times
24 Fri Nov 2023	4557.80	4450.00	4593.45	4380.80	1.729 times
17 Fri Nov 2023	4448.45	4330.00	4450.00	4289.15	0.261 times
10 Fri Nov 2023	4306.25	3809.00	4337.50	3783.55	2.879 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
05 Tue Dec 2023	4652.85	4724.90	4741.95	4589.25	0.108 times
30 Thu Nov 2023	4723.55	3734.00	4795.50	3676.05	2.545 times
31 Tue Oct 2023	3721.85	3629.95	3735.00	3447.00	0.759 times
29 Fri Sep 2023	3605.90	3642.85	3770.95	3512.05	0.837 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 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 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 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 losing momentum.

MACD generated a BUY signal for Alkem Laboratories in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4586.96 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.