ALOKINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | ALOKINDS | Market Cap | 6,847 Cr. | Current Price | 13.8 ₹ | High / Low | 23.5 ₹ |
| Book Value | -39.6 ₹ | Dividend Yield | 0.00 % | ROCE | -4.09 % | ROE | % |
| Face Value | 1.00 ₹ | DMA 50 | 13.8 ₹ | DMA 200 | 16.0 ₹ | Chg in FII Hold | 0.13 % |
| Chg in DII Hold | -0.05 % | PAT Qtr | -187 Cr. | PAT Prev Qtr | -215 Cr. | RSI | 52.0 |
| MACD | 0.14 | Volume | 42,19,975 | Avg Vol 1Wk | 40,83,230 | Low price | 11.1 ₹ |
| High price | 23.5 ₹ | 52w Index | 21.6 % | Qtr Profit Var | -15.3 % | EPS | -1.57 ₹ |
| Industry PE | 20.2 |
📈 Chart Patterns & Moving Averages
ALOKINDS is trading at ₹13.8, exactly at its 50 DMA (₹13.8) but below the 200 DMA (₹16.0). This indicates weak momentum with price struggling to sustain above medium-term averages. Support lies near ₹12–13, while resistance is seen at ₹16–18.
📊 RSI & MACD
RSI at 52.0 reflects neutral momentum. MACD at 0.14 is mildly positive, suggesting weak bullish crossover but lacking conviction.
📉 Bollinger Bands
Price is near the mid-band, showing consolidation. A breakout above ₹16 could trigger recovery, while a dip below ₹12 may invite further selling pressure.
🔎 Volume Trends
Current volume (42,19,975) is slightly above the 1-week average (40,83,230), indicating stable participation but no strong breakout signals.
⚡ Momentum Signals
Short-term momentum is neutral with weak bullish bias. Entry zone: ₹12–13. Exit zone: ₹16–18 if resistance breaks, with stop-loss below ₹11.5.
📌 Trend Status
The stock is consolidating near support levels, with limited upside unless volume-driven breakout occurs.
✅ Positive
- FII holdings increased (+0.13%), showing marginal foreign investor interest.
- Volume slightly above average, indicating some accumulation at lower levels.
⚠️ Limitation
- Negative ROCE (-4.09%) highlights poor capital efficiency.
- Book value is negative (-₹39.6), reflecting weak balance sheet.
- EPS at -₹1.57 indicates persistent losses.
- Trading below 200 DMA shows medium-term weakness.
❌ Company Negative News
- Quarterly PAT remains negative (₹-187 Cr vs ₹-215 Cr).
- Profit variation (-15.3%) reflects continued earnings deterioration.
🌟 Company Positive News
- Marginal improvement in PAT compared to previous quarter.
- Stable trading volumes suggest some speculative interest.
🏭 Industry
- Industry P/E at 20.2 indicates sector is moderately valued.
- ALOKINDS trades at a discount due to weak fundamentals and losses.
📌 Conclusion
ALOKINDS is consolidating near support levels with weak fundamentals and persistent losses. Entry near ₹12–13 is highly speculative, with profit booking advised around ₹16–18 if resistance breaks. Long-term outlook remains unfavorable due to negative ROCE, EPS, and balance sheet weakness. Suitable only for high-risk traders with strict stop-loss discipline.
This version is tuned for short-term speculative trading signals. Would you like me to also prepare a risk-adjusted investment horizon view (6–12 months) for ALOKINDS, considering its weak fundamentals?