TradingView
ParamjitMahapatro
Jul 18, 2017 3:35 AM

alkali metals looks bullish in medium to long term Long

ALKALI METALS LTDNSE

Description

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

Trade active

revised the sl to 54

Trade active

price near trend line support , reversal is likely,

Comment

ew analysis suggests it is in the last leg of correction

Trade active

price reversed and moved up as expected, indicating the completion of wave C.

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.

Comment

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

Comment

cmp - 74, price moving in a horizontal channel, recently it bounced from the channel support.
More