ALOKINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | ALOKINDS | Market Cap | 6,548 Cr. | Current Price | 13.2 ₹ | High / Low | 23.5 ₹ |
| Book Value | -38.8 ₹ | Dividend Yield | 0.00 % | ROCE | -4.09 % | ROE | % |
| Face Value | 1.00 ₹ | DMA 50 | 14.6 ₹ | DMA 200 | 16.8 ₹ | Chg in FII Hold | 0.03 % |
| Chg in DII Hold | 0.01 % | PAT Qtr | -215 Cr. | PAT Prev Qtr | -207 Cr. | RSI | 37.8 |
| MACD | -0.62 | Volume | 90,60,031 | Avg Vol 1Wk | 61,48,375 | Low price | 12.5 ₹ |
| High price | 23.5 ₹ | 52w Index | 6.64 % | Qtr Profit Var | 11.7 % | EPS | -1.33 ₹ |
| Industry PE | 20.5 |
📊 Chart & Trend: Current price (13.2 ₹) is trading below both 50 DMA (14.6 ₹) and 200 DMA (16.8 ₹), reflecting a strong bearish undertone. Support lies near 12.5 ₹, resistance at 14.5–16.8 ₹.
📉 Momentum Indicators: RSI at 37.8 suggests weak momentum, leaning toward oversold territory. MACD at -0.62 confirms bearish bias. Bollinger Bands show price near the lower band, signaling weakness but potential for a short-term bounce.
📈 Volume Trends: Current volume (90.6 lakh) is significantly higher than the 1-week average (61.4 lakh), showing heavy participation, likely driven by speculative trading rather than strong fundamentals.
🎯 Entry Zone: 12.5–13.0 ₹ (near support, tactical entry for rebound trades).
🎯 Exit Zone: 14.5–15.0 ₹ (near 50 DMA resistance; profit booking advisable).
🔎 Trend Status: The stock is trending downward with weak fundamentals. Oversold signals suggest potential short-term rebound, but long-term weakness persists.
Positive
- Marginal increase in FII holding (+0.03%) and DII holding (+0.01%) shows slight institutional stability.
- High trading volumes indicate liquidity and active market interest.
Limitation
- Negative ROCE (-4.09%) highlights poor capital efficiency.
- Book value (-38.8 ₹) and EPS (-1.33 ₹) reflect weak financial health.
- Stock trading well below 200 DMA reflects long-term weakness.
Company Negative News
- Quarterly PAT remains negative (-215 Cr vs -207 Cr), showing continued losses.
- Balance sheet weakness with negative book value undermines investor confidence.
Company Positive News
- Quarterly profit variance (+11.7%) shows marginal improvement in losses.
- High trading volumes suggest speculative interest and liquidity.
Industry
- Industry PE at 20.5 suggests moderate sector valuation.
- Textiles sector faces cyclical demand and margin pressures, with volatility in earnings.
Conclusion
⚖️ ALOKINDS is trending downward, trading below key moving averages with weak fundamentals. Entry near 12.5–13.0 ₹ offers tactical opportunity for short-term rebound toward 14.5–15.0 ₹, but long-term weakness and negative financials limit upside. Best suited for speculative swing trades with strict stop-loss near 12.5 ₹.
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