Overall Technical outlook

Price Summary

Alok Industries Limited's shares slumped -4.22% today, reflecting a lacklustre day on the market.
Alok Industries Limited's stock started the year at 21.56, climbed to a high of 21.65, fell to 20.5, and closed -4.22% down at 20.65, with 14591815 shares traded on 2025-06-12.
The stock's highest price in the past 52 weeks is 29.52, while its lowest price during the same period is 14.88.

Technicals

Support and Resistance: With the current price at 20.65, support is found at 19.49 and resistance at 21.01. These levels indicate where buyers might step in at 19.49, while sellers could limit gains at 21.01, defining a trading boundary for Alok Industries Limited.
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Support/Resistance for ALOKINDS


Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Aroon chart for Alok Industries Limited


Bol. Bands: The price crossing under the upper Bollinger Band indicates a possible downward movement. This signal may suggest that the asset is losing bullish momentum and is overbought, leading to a potential correction. Traders often view this as a warning of an impending reversal, making it a critical time to consider potential adjustments to trading positions.
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Bolinger Bands chart for Alok Industries Limited


Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum.
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Parabolic Stop and Reverse chart for Alok Industries Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Stochastic chart for Alok Industries Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for Alok Industries Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend.
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Tripple SMA chart for Alok Industries Limited


A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.