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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 193636

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	5128.90	5054.45	5153.50	5050.80	0.709 times
09 Thu May 2024	5067.60	5174.95	5188.40	5035.70	1.115 times
08 Wed May 2024	5163.90	5124.50	5181.10	5040.15	1.182 times
07 Tue May 2024	5117.95	5154.90	5208.00	4990.55	0.883 times
06 Mon May 2024	5148.95	4906.00	5158.00	4880.00	2.434 times
03 Fri May 2024	4904.00	4793.25	4930.00	4761.60	0.471 times
02 Thu May 2024	4787.80	4830.15	4845.70	4739.50	1.116 times
30 Tue Apr 2024	4833.05	4899.90	4949.00	4817.10	0.471 times
29 Mon Apr 2024	4883.50	4909.10	5020.00	4861.70	0.726 times
26 Fri Apr 2024	4910.40	4868.00	4937.40	4858.00	0.827 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5033.6, but if it comes below 5033.6, then a intra day sell could be more profitable.
If you take a sell trade below 5033.6, then use 5033.6 as stoploss and 4863.08 as target. However if you take a buy trade in stock , then use 5033.6 as stoploss and 5238.3 as target.

Share price targets for Alkem Laboratories (ALKEM)

Target Type	Value
Downside Target	4567.05
Downside Target	4880.00
Downside Target	4937.40
Downside Target	4950.00
Downside Target	5020.00
Downside Target	5095.00
Upside Target	5208.00
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	4936.6
Downside Intraday Target	4744.3
Upside Intraday Target	5264.6
Upside Intraday Target	5400.3
Downside Intraday Target	5072.3

Weekly technical analysis of Alkem Laboratories (ALKEM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	5128.90	4906.00	5208.00	4880.00	2.272 times
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

Price has moved up 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
10 Fri May 2024	5128.90	4830.15	5208.00	4739.50	0.504 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 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 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 losing momentum.

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

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

Alkem Laboratories Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 5031 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.