ALOKINDS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 1.9

📊 Chart Patterns: ALOKINDS is trading below both its 50 DMA (16.9 ₹) and 200 DMA (18.4 ₹), reflecting persistent weakness. Current price (16.0 ₹) is near support at 13.9–15.0 ₹, with resistance around 16.9–18.4 ₹.

📈 Moving Averages: Price below both short- and long-term averages confirms bearish bias. Sustained move above 18.4 ₹ is required for reversal.

📉 RSI: At 30.9, RSI is near oversold territory, suggesting potential for a short-term bounce but overall weak momentum.

📉 MACD: Negative at -0.36, confirming bearish momentum with limited upward signals.

📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible mean reversion.

📊 Volume Trends: Current volume (23,83,310) is higher than average weekly volume (21,56,998), showing increased activity near support zones, possibly speculative buying.

📌 Momentum Signals: Short-term bounce possible from 13.9–16.0 ₹ support, but trend remains weak unless price sustains above 16.9–18.4 ₹.

🎯 Entry Zone: 13.9–16.0 ₹ (near strong support, oversold RSI).

🎯 Exit Zone: 16.9–18.4 ₹ (short-term resistance).

🔎 Trend Status: Currently bearish and consolidating near support. Reversal requires breakout above 18.4 ₹.

Positive

• High trading volumes indicate investor interest despite weak fundamentals.
• Stock trading near its 52-week low may attract speculative buying opportunities.

Limitation

• Negative book value (-38.8 ₹) reflects poor financial health.
• ROCE (-4.09%) and EPS (-1.39 ₹) are negative, showing weak profitability.
• Stock P/E not meaningful due to losses.
• Price trading below both 50 DMA and 200 DMA.

Company Negative News

• Quarterly PAT remains negative (-207 Cr. vs -202 Cr.), showing continued losses.
• Weak fundamentals with declining financial performance.

Company Positive News

• Marginal improvement in quarterly profit variation (+20.5%) despite losses.
• DII holdings increased slightly (+0.01%), showing minor domestic institutional support.

Industry

• Industry PE at 19.1 highlights sector profitability, but ALOKINDS lags significantly.
• Peers in the industry show stronger fundamentals compared to ALOKINDS.

Conclusion

⚖️ ALOKINDS is consolidating near strong support with oversold RSI but weak fundamentals. Traders may consider speculative entry around 13.9–16.0 ₹ with exit near 16.9–18.4 ₹. Long-term investors should remain cautious due to persistent losses and poor financial health, awaiting clear signs of turnaround before accumulation.