ALKEM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹5,625) is above both 50 DMA (₹5,417) and 200 DMA (₹5,226), indicating strong bullish momentum
• RSI (52.1): Neutral zone, with slight bullish bias
• MACD (21.9): Strong positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Above average (1.78L vs 1.35L), showing strong market participation
• Support Zones: ₹5,500, ₹5,420
• Resistance Zones: ₹5,700, ₹5,960
• Entry Zone: ₹5,500–₹5,550 (near support)
• Exit Zone: ₹5,700–₹5,960 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and volume support continued upward momentum
• Strong ROCE (19.5%) and ROE (19.9%) reflect operational efficiency
• EPS of ₹197 indicates strong earnings performance

Limitation

• RSI in mid-range, lacking strong directional bias
• PEG ratio of 2.24 suggests premium valuation

Company Negative News

• No significant negative news reported in the current data

Company Positive News

• Quarterly PAT surged from ₹226 Cr to ₹610 Cr (+11.8%)
• FII and DII holdings increased, indicating institutional confidence
• Dividend yield of 0.82% adds shareholder value

Industry

• Pharmaceutical sector remains resilient with strong domestic and export demand
• Industry P/E of 33.1 suggests ALKEM trades slightly below sector average

Conclusion

• ALKEM is in a bullish trend with strong technical indicators
• Entry near ₹5,500–₹5,550 offers a favorable setup
• Exit near ₹5,700–₹5,960 is ideal for short-term gains
• Investors should monitor RSI and Bollinger Bands for signs of trend continuation or exhaustion