Alembic Pharmaceuticals Limited (APLLTD) Stock - Complete Technical Analysis - Nov 19, 2024

Alembic Pharma Stock Analysis: Key Levels & Trading Strategy for APLLTD

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

APLLTD is in a corrective phase, trading 20% below its 52-week high. Momentum indicators such as Awesome Oscillator and Momentum remain negative, signaling a lack of bullish interest. The stock has faced consistent selling pressure, evident from the Stochastic RSI at 17, indicating oversold conditions. However, the Hull Moving Average suggests short-term stability around 1018.

On the chart, the 200-day EMA around 1029 acts as a dynamic support, while the SMA-50 at 1144 indicates a broader bearish trend. Pivot analysis highlights 1000 as a crucial level to monitor, while 1080 may act as immediate resistance. If the price breaks below 1000, it could revisit 980 levels; however, a breakout above 1080 may attract buyers, pushing the price toward 1100. Traders should remain cautious as the overall trend is bearish, and strong confirmations are needed for bullish reversals. Consider monitoring RSI and ADX for signs of renewed strength.