ALOKINDS - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.3

Here’s a detailed technical analysis of Alok Industries Ltd. (ALOKINDS)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend but remains within a broader consolidation range. Price action shows a mild recovery from its 52-week low of ₹13.9, but structural weakness persists.

Price Action: Trading at ₹18.9, slightly above the 50-DMA (₹18.7) but below the 200-DMA (₹19.5), indicating indecision and limited bullish conviction.

📈 Momentum Indicators

RSI (56.6): Neutral to mildly bullish. Indicates moderate buying interest but not strong momentum.

MACD (0.04): Barely positive, suggesting a weak bullish crossover with limited strength.

Volume: Current volume (87.97L) is above the 1-week average (77.83L), showing increased participation, which supports short-term momentum.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, confirming consolidation. A breakout above ₹20 with volume could trigger a short-term rally.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 17.5 – 18.5 Near recent swing low and 50-DMA

Resistance 19.5 – 20.5 200-DMA and psychological barrier

Breakout Zone 21+ Above this, next target is ₹24 – ₹28

🎯 Entry & Exit Strategy

Optimal Entry: ₹18.0 – ₹18.5 (on dips with bullish confirmation)

Exit Zone: ₹20 – ₹21 (partial profit booking); ₹24+ (final resistance)

Stop Loss: ₹17.2 (below recent support)

🔍 Summary

Trend: Consolidating with mild upward bias

Momentum: Weak but improving

Volume: Rising, supporting short-term strength

Outlook: Cautiously optimistic; watch for breakout above ₹20 with volume for next leg up

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