Overall Technical outlook

Price Summary

On 2026-02-02, Alkem Laboratories Limited's shares started at 5616.0, peaked at 5616.0, bottomed out at 5406.0, and ended -1.68% lower at 5521.5, with 129255 shares traded.
The stock's highest price in the past 52 weeks is 5867.0, while its lowest price during the same period is 4563.7.
Analysts predict that the future price will fluctuate between 4280.0 and 7056.0, with the mean expected price being approximately 5974.7617.

Technicals

Support and Resistance: With the current price at 5521.5, support is found at 5426.0 and resistance at 5555.5. These levels indicate where buyers might step in at 5426.0, while sellers could limit gains at 5555.5, defining a trading boundary for Alkem Laboratories Limited.
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Support/Resistance for ALKEM


Aroon: Aroon's bearish trend continues, with Aroon Down maintaining its position at the 100 level. This sustained bearish momentum suggests potential ongoing declines. However, to fully understand the trend's implications, it's important to analyze it alongside other indicators to gain a comprehensive view of the market.
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Aroon chart for Alkem Laboratories Limited


Bol. Bands: The price has crossed under the lower Bollinger Band, indicating a potential oversold condition for ALKEM. This downward move reflects intensified selling pressure, suggesting that the market may be continuing its bearish trend. However, a breach of the lower band can also signal a possible reversal, as it often prompts buyers to step in, looking for value at these depressed levels.
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Bolinger Bands chart for Alkem Laboratories Limited


Parabolic SAR: The PSAR continues its bearish trend, setting a resistance level that could prevent significant upward movement for ALKEM. This resistance suggests that the market may struggle to overcome bearish forces, keeping upward momentum in check.
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Parabolic Stop and Reverse chart for Alkem Laboratories Limited


Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Stochastic chart for Alkem Laboratories Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Tripple SMA chart for Alkem Laboratories Limited


Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.