ALKEM Laboratories — Daily Chart Analysis | CMP ₹5,687.50
Bullish momentum — SMA20 support, MACD crossover & healthy RSI. Trade-ready levels, entry/exit/stoploss below.
Quick Technical Snapshot
- Trend: Bullish — Price trading comfortably above 20-SMA and making higher highs.
- 20-SMA: ₹5,527.57 — acting as dynamic support.
- MACD: 40.03 (MACD) vs 32.40 (Signal) — Bullish crossover, Histogram +7.63.
- RSI (14): 65.94 — strong momentum, not yet overbought (70+).
- Volume: Breakout accompanied by higher volume — confirms participation.
Key Levels
| Immediate Support | ₹5,525 (20-SMA area) |
| Next Support | ₹5,400 (prior consolidation / breakout level) |
| Immediate Resistance | ₹5,720 |
| Targets (Upside) | ₹5,850 → ₹5,920 (short-term) • ₹6,000+ (extended) |
| Invalidation / Swing SL | Close below ₹5,450 (negates bullish bias) |
Actionable Trade Plans
Bullish (Momentum / Aggressive)
Entry: ₹5,670–₹5,700 (current range)
Targets: ₹5,850 → ₹5,920
Stop-Loss: ₹5,450 (swing), or ₹5,520 (tighter near 20-SMA)
Rationale: MACD crossover + price above SMA with breakout volume → momentum trade.
Conservative (Confirmation)
Entry: After daily close above ₹5,720
Targets: ₹5,920 → ₹6,050
Stop-Loss: ₹5,520
Rationale: Wait for follow-through to reduce false-breakout risk.
Risk Management & Notes
- Position size so SL risk equals your target risk (e.g., 0.5–1.5% of capital per trade).
- Prefer daily-close confirmation for swing trades; intraday traders can use hourly confirmations.
- If breakout lacks follow-through volume the next 1–2 days, be ready to tighten stops or exit.
One-line Summary
ALKEM is in a bullish daily structure — price > 20-SMA with MACD bullish crossover. Maintain bullish bias while price stays above ₹5,525; confirmed breakout above ₹5,720 opens targets to ₹5,920 and beyond.
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