ParamjitMahapatro
Long

alkali metals looks bullish in medium to long term

NSE:ALKALI   ALKALI METALS LTD
Round bottom is formed here in weekly time frame, confirmed by breakout with good volume , recently price retested the breakout level and reversed to resume its uptrend.

also hidden bullish divergence seen in weekly
sl - 61, tgt - 100-110 range
Aug 07
Trade active: revised the sl to 54
Aug 19
Trade active: price near trend line support , reversal is likely,
Aug 19
Comment: ew analysis suggests it is in the last leg of correction
Sep 02
Trade active: price reversed and moved up as expected, indicating the completion of wave C.
Jan 17
Comment: our initial tgt of 100-110 already achieved here, so it gave around 32% profit in 26 weeks, cheers.

at cmp - 96.60, in daily, price is pushing upper BB higher and closed above previous swing high.

Jan 17
Comment: updated analysis: it is bullish in long term, next tgt - 122, 255, 350.

Apr 04
Comment: cmp - 74, price moving in a horizontal channel, recently it bounced from the channel support.

Comments

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