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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 155652

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	4904.00	4793.25	4930.00	4761.60	0.585 times
02 Thu May 2024	4787.80	4830.15	4845.70	4739.50	1.388 times
30 Tue Apr 2024	4833.05	4899.90	4949.00	4817.10	0.586 times
29 Mon Apr 2024	4883.50	4909.10	5020.00	4861.70	0.903 times
26 Fri Apr 2024	4910.40	4868.00	4937.40	4858.00	1.029 times
25 Thu Apr 2024	4867.65	4714.00	4879.00	4697.00	0.964 times
24 Wed Apr 2024	4720.95	4709.00	4759.65	4691.00	0.355 times
23 Tue Apr 2024	4704.40	4759.80	4791.80	4665.00	0.936 times
22 Mon Apr 2024	4745.70	4644.25	4756.00	4631.40	1.211 times
19 Fri Apr 2024	4616.35	4625.00	4644.95	4567.05	0.606 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4895.2, but if it comes below 4895.2, then a intra day sell could be more profitable.
If you take a sell trade below 4895.2, then use 4895.2 as stoploss and 4803.93 as target. However if you take a buy trade in stock , then use 4895.2 as stoploss and 5004.8 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4567.05
Upside Target	4930.00
Upside Target	4937.40
Upside Target	4950.00
Upside Target	5020.00
Upside Target	5095.00
Upside Target	5225.00
Upside Target	5315.50
Upside Target	5520.00

Intraday share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Intraday Target	4755.67
Downside Intraday Target	4607.33
Upside Intraday Target	5036.17
Upside Intraday Target	5168.33
Downside Intraday Target	4887.83

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	4904.00	4909.10	5020.00	4739.50	0.77 times
26 Fri Apr 2024	4910.40	4644.25	4937.40	4631.40	1.009 times
19 Fri Apr 2024	4616.35	4725.00	4775.95	4567.05	1.238 times
12 Fri Apr 2024	4735.20	4919.95	4950.00	4725.15	0.657 times
05 Fri Apr 2024	4912.65	4930.15	5095.00	4830.00	1.188 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
03 Fri May 2024	4904.00	4830.15	4930.00	4739.50	0.101 times
30 Tue Apr 2024	4833.05	4930.15	5095.00	4567.05	0.946 times
28 Thu Mar 2024	4942.00	5150.00	5225.00	4650.00	0.362 times
29 Thu Feb 2024	5127.35	5000.15	5520.00	4659.00	2.376 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Alkem Laboratories ( (ALKEM) ) 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 Alkem Laboratories stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Alkem Laboratories in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 Alkem Laboratories in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 4802.69 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 negative.

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