ALKEM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.5

📊 Technical Overview of ALKEM Laboratories Ltd. (ALKEM)

📈 Trend Analysis

Current Price: ₹5,071

50 DMA: ₹4,948

200 DMA: ₹5,076

Trend Status: The stock is in a bullish trend, trading above the 50 DMA and just below the 200 DMA. This suggests strong short-term momentum with potential for a breakout if sustained.

📉 Momentum Indicators

RSI (63.4): Bullish. Indicates strong momentum, approaching overbought zone but still healthy.

MACD (37.9): Strongly positive — confirms upward momentum and bullish crossover.

Volume: 83K vs 1-week avg of 85K — near average, showing steady participation.

📊 Bollinger Bands

Price likely near the upper band, consistent with bullish RSI and MACD.

Bands may be widening, indicating momentum expansion and potential for further upside.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 4,948 Support

200 DMA 5,076 Resistance (slightly above current price)

Current Price 5,071 Between DMAs — bullish bias

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 4,950–4,975 50 DMA zone

Support 2 4,492–4,500 52-week low zone

Resistance 1 5,100–5,150 Near-term breakout zone

Resistance 2 5,400–5,600 Intermediate resistance

Resistance 3 6,400–6,440 52-week high zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹4,950–₹5,000 (on minor pullback with volume confirmation)

Exit Zone (Short-Term): ₹5,150–₹5,400 (initial resistance), ₹6,400+ (if breakout sustains)

Stop Loss: ₹4,875 (below 50 DMA)

📌 Summary

Trend: Trending upward

Momentum: Strong and accelerating

Volume: Stable

Setup: Bullish continuation likely; ideal for short-term breakout traders and medium-term swing positions

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