Alembic Pharmaceuticals Limited (APLLTD) Stock - Complete Technical Analysis - Nov 29, 2024

APLLTD Technical Analysis: Key Levels, Patterns & Indicators for Smart Trading

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.

Alembic Pharmaceuticals Limited (APLLTD) is gaining traders' attention, closing at 1092.20. The stock's resilience is underscored by its recovery from the 52-week low, now 52.81% above that mark. Recent candlestick patterns such as Morning Star and Bullish Engulfing reveal bullish sentiments in play, indicating possible trend reversal or continuation.

On the technical side, MACD shows bearish signals, requiring confirmation for reversal. The RSI sits at a balanced 51, signaling no extreme in price movement. The ADX indicates a weak trend, suggesting further consolidation may occur before decisive moves. Moving averages show mixed signalsshort-term EMAs below the price are positive, while the 50-day SMA resistance at 1125 must be breached for significant upside.

Volume-based indicators and pivot support around 1103 reinforce the importance of this level for downside protection, while resistance at 1154 and 1179 presents a challenge for bullish continuation. Volatility metrics like ATR reflect moderate price swings, and traders should prepare for potential breakout scenarios as the stock nears critical levels.

The stocks fundamental strength, including ROE and ROCE of 14.3% and 14.4%, respectively, aligns with its long-term potential. However, short-term traders should focus on closing levels and volume spikes to identify trading opportunities effectively. A close above 1154 could unlock bullish targets, while sustained trading below 1075 might trigger fresh selling pressure.