⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ALOKINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ALOKINDS | Market Cap | 7,483 Cr. | Current Price | 15.1 ₹ | High / Low | 23.5 ₹ |
| Book Value | -38.8 ₹ | Dividend Yield | 0.00 % | ROCE | -4.09 % | ROE | % |
| Face Value | 1.00 ₹ | DMA 50 | 15.9 ₹ | DMA 200 | 17.7 ₹ | Chg in FII Hold | 0.03 % |
| Chg in DII Hold | 0.01 % | PAT Qtr | -215 Cr. | PAT Prev Qtr | -207 Cr. | RSI | 43.9 |
| MACD | -0.35 | Volume | 1,06,80,856 | Avg Vol 1Wk | 75,61,853 | Low price | 13.9 ₹ |
| High price | 23.5 ₹ | 52w Index | 12.2 % | Qtr Profit Var | 11.7 % | EPS | -1.33 ₹ |
| Industry PE | 18.6 |
📈 Technical Analysis
- Chart Patterns: Price (15.1 ₹) is below both 50 DMA (15.9 ₹) and 200 DMA (17.7 ₹), showing weakness.
- Moving Averages: Downward bias as stock trades under short- and long-term averages.
- RSI: At 43.9, neutral to slightly bearish momentum.
- MACD: Negative (-0.35), mild bearish crossover.
- Bollinger Bands: Price near lower band, support seen around 14–15 ₹.
- Volume Trends: Current volume (1.06 Cr.) is significantly higher than 1-week average (75.6 L), showing strong participation despite weakness.
🎯 Momentum & Trade Zones
- Support Levels: 14–15 ₹ (near Bollinger lower band), 13.9 ₹ (recent low).
- Resistance Levels: 15.9 ₹ (50 DMA), 17.7 ₹ (200 DMA), 20 ₹ (psychological barrier).
- Entry Zone: 14.5–15.2 ₹ (accumulation near support).
- Exit Zone: 16–17 ₹ (profit booking near resistance).
- Trend: Consolidating with bearish bias; reversal possible if price sustains above 15.9–17.7 ₹.
✅ Positive
- FII holdings increased slightly (+0.03%), showing marginal foreign investor confidence.
- DII holdings increased (+0.01%), reflecting domestic support.
- High trading volume indicates strong market activity.
⚠️ Limitation
- Negative book value (-38.8 ₹) reflects weak financials.
- ROCE (-4.09%) indicates poor capital efficiency.
- No dividend yield support (0.00%).
- Stock trading below both 50 DMA and 200 DMA, reflecting technical weakness.
📉 Company Negative News
- Quarterly PAT remains negative (-215 Cr. vs -207 Cr.), showing continued losses.
- EPS at -1.33 ₹ reflects weak earnings profile.
📊 Company Positive News
- Quarterly profit variance at 11.7% shows slight improvement despite losses.
- Marginal increase in institutional holdings (FII +0.03%, DII +0.01%).
🏭 Industry
- Industry P/E at 18.6, much lower than company’s undefined P/E, suggesting sector peers are more attractively priced.
- Textiles sector remains volatile, with demand cycles impacting profitability.
📝 Conclusion
- ALOKINDS is consolidating with bearish bias, supported only by high trading volumes.
- Optimal entry near 14.5–15.2 ₹ with exit around 16–17 ₹.
- Weak fundamentals (negative book value, losses, poor ROCE) limit upside potential.
- Short-term traders may benefit from volume-driven rebounds, but medium-term investors should wait for breakout above 15.9–17.7 ₹ to confirm reversal trend.