ALKEM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Alkem Laboratories Ltd. (ALKEM)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, showing consistent higher lows and trading well above key moving averages.

Price Action: At ₹5,480, ALKEM is comfortably above both the 50-DMA (₹5,224) and 200-DMA (₹5,133), confirming bullish momentum across short and long-term timeframes.

📈 Momentum Indicators

RSI (66.8): Bullish zone, approaching overbought territory. Indicates strong buying interest but caution is warranted above 70.

MACD (84.7): Strong positive crossover, confirming momentum continuation and trend strength.

Volume: Current volume (1.63L) is above the 1-week average (1.26L), showing increased participation, which supports the bullish breakout.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹5,500–₹5,550 with volume could trigger a rally toward ₹6,000+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 5,300 – 5,350 Near recent swing low and 50-DMA

Resistance 5,550 – 5,650 Psychological barrier and upper Bollinger Band

Breakout Zone 5,700+ Above this, next target is ₹6,000 – ₹6,376

🎯 Entry & Exit Strategy

Optimal Entry: ₹5,300 – ₹5,400 (on dips with bullish confirmation)

Exit Zone: ₹5,600 – ₹5,700 (partial profit booking); ₹6,000+ (final resistance)

Stop Loss: ₹5,200 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Surging, confirming breakout strength

Outlook: Positive; watch for sustained move above ₹5,550 with volume for next leg up

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