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Alicon - Sector tailwinds
ALICON CASTALLOY LTD
Long
Alicon - Sector tailwinds
By rdkriplani
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Aug 27, 2024
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Aug 27, 2024
With Balu Forge going nearly vertical and Aluminium casting being a higher requirement in EV's..
Alicon could do well.
The stock went sideways for the past 2.5 months and finally broke out last week.
A move above 1485 could leave to another breakout and a vertical move Or a pullback to 1400 and then a bounce from there.
Stoploss below 1330.
Trend Analysis
rdkriplani
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