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(ALOKINDS_BE) Alok Industries complete technical analysis [charts+indicators] | Buy/Sell Alok Industries | (ALOKINDS_BE) share price targets

Complete technical analysis of Alok Industries (ALOKINDS_BE) by charts plus indicators, forecast predictions and share price targets for Alok Industries (ALOKINDS_BE)

Showing technical analysis as on 2024-04-03 View latest technical analysis

10 day averaged volume of Alok Industries is 3725452

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	29.30	28.50	29.50	28.00	1.471 times
02 Tue Apr 2024	28.45	28.00	28.45	27.50	1.53 times
01 Mon Apr 2024	27.10	26.05	27.10	26.05	0.905 times
28 Thu Mar 2024	25.85	26.30	26.40	25.80	1.478 times
27 Wed Mar 2024	26.10	26.70	27.20	26.00	1.328 times
26 Tue Mar 2024	26.65	27.50	27.70	26.60	1.227 times
22 Fri Mar 2024	27.35	27.00	27.95	27.00	0.65 times
21 Thu Mar 2024	27.05	27.00	27.30	26.85	0.615 times
20 Wed Mar 2024	26.60	27.40	27.60	25.80	0.851 times
19 Tue Mar 2024	27.15	27.70	28.00	27.00	0.776 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29, but if it comes below 29, then a intra day sell could be more profitable.
If you take a sell trade below 29, then use 29 as stoploss and 27.79 as target. However if you take a buy trade in stock , then use 29 as stoploss and 30.4 as target.

Share price targets for Alok Industries (ALOKINDS_BE)

Target Type	Value
Downside Target	10.10
Downside Target	13.75
Downside Target	25.80
Downside Target	27.15
Downside Target	28.75
Upside Target	29.50
Upside Target	30.50
Upside Target	30.85
Upside Target	32.00
Upside Target	32.60
Upside Target	32.70

Intraday share price targets for Alok Industries (ALOKINDS_BE)

Target Type	Value
Downside Intraday Target	27.07
Downside Intraday Target	24.83
Upside Intraday Target	30.52
Upside Intraday Target	31.73
Downside Intraday Target	28.28

Weekly technical analysis of Alok Industries (ALOKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	29.30	26.05	29.50	26.05	0.969 times
28 Thu Mar 2024	25.85	27.50	27.70	25.80	1.142 times
22 Fri Mar 2024	27.35	27.40	28.75	25.80	0.545 times
15 Fri Mar 2024	27.40	32.00	32.00	25.80	1.431 times
07 Thu Mar 2024	30.50	29.00	30.50	27.60	0.958 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 Alok Industries (ALOKINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	29.30	26.05	29.50	26.05	0.201 times
28 Thu Mar 2024	25.85	29.40	32.00	25.80	0.771 times
29 Thu Feb 2024	28.85	32.50	32.60	27.15	11.156 times
31 Wed Jan 2024	32.50	32.00	32.70	30.85	0.196 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 Alok Industries (ALOKINDS_BE)

Price action analysis of Alok Industries ( (ALOKINDS_BE) ) 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 Alok Industries ( (ALOKINDS_BE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Alok Industries ( (ALOKINDS_BE) ) based on a mid to longer 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.

ADX buy sell signal for Alok Industries stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Alok Industries 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.

Alok Industries 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Alok Industries 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

Stock of Alok Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.22 and Alok Industries (ALOKINDS_BE) 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 Alok Industries (ALOKINDS_BE) stock. Volume based technical analysis of Alok Industries (ALOKINDS_BE) stock is negative.

Alok Industries Stock is giving positive 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.