ALOKINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | ALOKINDS | Market Cap | 6,395 Cr. | Current Price | 12.9 ₹ | High / Low | 23.5 ₹ |
| Book Value | -39.6 ₹ | Dividend Yield | 0.00 % | ROCE | -4.09 % | ROE | % |
| Face Value | 1.00 ₹ | DMA 50 | 13.6 ₹ | DMA 200 | 15.5 ₹ | Chg in FII Hold | 0.13 % |
| Chg in DII Hold | -0.05 % | PAT Qtr | -187 Cr. | PAT Prev Qtr | -215 Cr. | RSI | 43.0 |
| MACD | -0.30 | Volume | 1,20,44,576 | Avg Vol 1Wk | 88,77,256 | Low price | 11.1 ₹ |
| High price | 23.5 ₹ | 52w Index | 14.4 % | Qtr Profit Var | -15.3 % | EPS | -1.57 ₹ |
| Industry PE | 26.4 |
📊 Chart Patterns: ALOKINDS is trading in a downward channel with support near ₹12 and resistance around ₹15. Trendlines suggest weakness with failed attempts to break higher.
📈 Moving Averages: Current price (₹12.9) is below both 50 DMA (₹13.6) and 200 DMA (₹15.5), confirming bearish alignment.
📊 RSI: At 43.0, RSI indicates weak momentum, leaning toward oversold territory.
📉 MACD: Negative at -0.30, confirming bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is near lower band, suggesting oversold conditions but no strong reversal yet.
📊 Volume Trends: Current volume (1,20,44,576) is significantly above 1-week average (88,77,256), showing heavy participation, likely due to speculative trading.
🚀 Momentum Signals: Bearish bias with limited upside unless price sustains above ₹14.5.
🎯 Entry Zone: ₹12.0–₹12.5 (near support levels).
🎯 Exit Zone: ₹14.5–₹15.0 (resistance zone and 50 DMA).
📌 Trend Status: Reversing downward, currently weak and consolidating near support.
Positive
- FII holdings increased (+0.13%), showing marginal foreign investor interest.
- High trading volume indicates speculative opportunities.
Limitation
- Negative ROCE (-4.09%) highlights poor capital efficiency.
- EPS (-₹1.57) reflects consistent losses.
- Book value (-₹39.6) indicates weak fundamentals.
- Price trading below both 50 DMA and 200 DMA confirms bearish momentum.
Company Negative News
- Quarterly PAT remains negative (-₹187 Cr. vs -₹215 Cr.).
- Profit variation (-15.3%) reflects worsening earnings trend.
Company Positive News
- Marginal improvement in PAT compared to previous quarter.
- Speculative momentum supported by high trading volumes.
Industry
- Industry PE at 26.4 highlights sector valuations are reasonable.
- Peers show stronger fundamentals compared to ALOKINDS.
Conclusion
ALOKINDS is consolidating near support with weak fundamentals and bearish technical signals. Entry near ₹12.0–₹12.5 offers speculative opportunities, while exit is advised around ₹14.5–₹15.0. Trend remains downward, suitable only for high-risk traders with strict stop-loss discipline.
This can be integrated into a speculative trade template with sector overlays and peer benchmarking, so you can compare ALOKINDS against stronger textile peers for relative positioning.