Stock analysis Alkem Laboratories Ltd. ALKEM
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Recent prices of ALKEM Alkem Laboratories Ltd. are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 19 Fri Apr 2024 | 4616.35 | 4567.05 to 4644.95 | -0.74% | 0.52 times |
| 18 Thu Apr 2024 | 4650.85 | 4636.40 to 4749.15 | -1.76% | 1.72 times |
| 16 Tue Apr 2024 | 4734.30 | 4680.00 to 4775.95 | 0.4% | 0.66 times |
| 15 Mon Apr 2024 | 4715.65 | 4672.50 to 4755.00 | -0.41% | 0.9 times |
| 12 Fri Apr 2024 | 4735.20 | 4725.15 to 4870.00 | -1.85% | 0.87 times |
| 10 Wed Apr 2024 | 4824.50 | 4813.20 to 4874.20 | -1.19% | 1.01 times |
| 09 Tue Apr 2024 | 4882.60 | 4856.05 to 4920.20 | -0.12% | 0.36 times |
| 08 Mon Apr 2024 | 4888.35 | 4845.30 to 4950.00 | -0.49% | 0.83 times |
| 05 Fri Apr 2024 | 4912.65 | 4880.25 to 5095.00 | 0.96% | 2.11 times |
| 04 Thu Apr 2024 | 4866.10 | 4830.00 to 4915.00 | -0.58% | 0.96 times |
| 03 Wed Apr 2024 | 4894.65 | 4865.65 to 4939.95 | -1.22% | 0.58 times |
| 02 Tue Apr 2024 | 4955.35 | 4911.60 to 5024.90 | -1.07% | 0.64 times |
Technical analysis forecast for Alkem Laboratories Ltd. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Alkem Laboratories Ltd. ALKEM at this time. Stock is falling and might fall more.
It appears as if Alkem Laboratories Ltd. ALKEM gave a large move recently.
Stock of Alkem Laboratories Ltd. (ALKEM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
Although my analysis for Alkem Laboratories Ltd. is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4593.7, for a target of 4728 or 4839.94