ALOKINDS - Technical Analysis

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

Technical Rating: 2.2

📊 Technical Overview of Alok Industries Ltd. (ALOKINDS)

📉 Trend Analysis

Current Price: ₹19.4

50 DMA: ₹19.9

200 DMA: ₹20.0

Trend Status: The stock is in a reversal-to-downtrend phase, trading below both moving averages. This reflects persistent weakness and lack of bullish conviction.

📉 Momentum Indicators

RSI (40.9): Bearish. Indicates weak momentum, approaching oversold territory.

MACD (-0.03): Slightly negative — suggests bearish crossover and lack of upward momentum.

Volume: 94.9L vs 1-week avg of 103.2L — below average, showing reduced participation.

📊 Bollinger Bands

Price likely near the lower band, consistent with weak RSI and MACD.

Bands may be narrowing, indicating low volatility and sideways drift.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 19.9 Resistance

200 DMA 20.0 Resistance

Current Price 19.4 Below both DMAs — bearish bias

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 18.5–19.0 Near-term support zone

Support 2 13.9–14.5 52-week low zone

Resistance 1 19.9–20.2 50 & 200 DMA zone

Resistance 2 22.5–23.0 Trendline resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹18.5–₹19.0 (only if RSI stabilizes and MACD flattens)

Exit Zone (Short-Term): ₹19.9–₹20.2 (initial resistance), ₹22.5+ (if reversal confirms)

Stop Loss: ₹17.8 (below recent support)

📌 Summary

Trend: Reversing downward

Momentum: Weak and deteriorating

Volume: Below average

Setup: High-risk; not suitable for short-term trades unless reversal signals emerge

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