ALOKINDS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.6

Technical Analysis Report

• Trend Status: Reversing downward
• Moving Averages: Price (₹17.4) is below both 50 DMA (₹17.9) and 200 DMA (₹19.0), indicating bearish alignment
• RSI (45.9): Neutral zone, no strong momentum signal
• MACD (-0.13): Slight bearish crossover, suggesting continued weakness
• Bollinger Bands: Price near lower band, indicating potential short-term bounce
• Volume: Below average (25.1L vs 30.4L), showing reduced participation
• Support Zones: ₹16.8, ₹15.5
• Resistance Zones: ₹18.2, ₹19.5
• Entry Zone: ₹16.8–₹17.2 (near support)
• Exit Zone: ₹18.2–₹19.5 (near resistance)

Positive

• Stock trading near lower Bollinger Band may offer short-term bounce opportunity
• Quarterly profit variation of +20.5% shows relative improvement despite losses
• DII holding increased slightly by 0.01%

Limitation

• Price below both key moving averages confirms bearish trend
• Negative book value (-₹38.8) and EPS (-₹1.39) raise financial concerns
• ROCE (-4.09%) indicates poor capital efficiency
• Volume below average, suggesting weak conviction

Company Negative News

• Quarterly PAT worsened from ₹-202 Cr to ₹-207 Cr
• FII holding declined by 0.01%, reflecting cautious foreign sentiment

Company Positive News

• Stock has gained 32.5% from its 52-week low

Industry

• Textile and manufacturing sector remains cyclical and sensitive to global demand and input costs
• Industry P/E of 23.3 suggests ALOKINDS trades below sector average due to earnings pressure

Conclusion

• ALOKINDS is in a bearish reversal phase with weak technical indicators
• Entry near ₹16.8–₹17.2 may offer speculative upside
• Exit near ₹18.2–₹19.5 is ideal for short-term trades
• Investors should monitor MACD and volume for signs of trend reversal or continuation