My lathe has four bolts holding the headstock on the bed; loosening those bolts allows for realignment. You need to look for something similar on your lathe.
If the misalignment is horizontal, loosening the bolts allows the head to be rotated slightly to line up with the tailstock. If the misalignment is vertical with the headstock lower than the tailstock, it is necessary to loosen the bolts, and then put shimming material under the headstock. If the headstock is higher than the tailstock, the problem is more challenging. You might be able to correct that problem by shimming up the other end of the headstock. Alternatively, you might have to remove some material from the bottom of the headstock - very carefully, using a file or sandpaper.