Clear example of bullish butterfly pattern here getting to same heightS and falling back to the ground only bulls play here
alok ind had made double bottom along with trendline breakout , 28 minor hurdle if closed above then next tgt 32-33
After 3 months of consolidation the stock has broke its trendline resistance and can touch upto 31 if this momentum carries.
if they do not work then i am really sorry because i am a learner
ALOK.IND EQUITY levels ...21/06/2021 (W candle)
Stock was consolidating from September 2020, this week it has given breakout with good volume. SL should be 25.40 or below it. Target 1 should be 44 and if it breaks than we might see 57 (target 2) again. Let's see how it turns out. This is not a stock recommendation. Don't invest or trade blindly.
ALOK INDUSTRIES LTD CMP - 24.35 SL 18.50 TARGET CAN BE SEEN ON CHARTS .
WD Gann Harmonics analysis - Trend Change and upward market movement expected around 15th Jan 2021
Alok industry did breakout and RSI support this. Make position for 1-2 week for 10-15% price movement.
Good to go long with a SL of the recent low created and having a momentum to test 80 levels in the coming days. NSE:ALOKINDS
Heard this name thrown about a lot ,thought i'd delve deeper. Am a buyer if it dips to the buy zone as close to 11 area . IF it carries on up .i'd hop on above 18.50 Reliance buying it ?? dunno don't care ... lets see price action tomorrow and if the Cup and Handle play out. Buy the Rumor Sell the News ! No idea about this company and its fundamentals so...