Long

ALOK INDUSTRIES -- BULLISH BREAKOUT

Updated

ALOK INDUSTRIES on daily timeframe chart last 2 trading sessions seen strong bullish breakout. potential upside can be around 25-30% from current level cmp 24.95

TECHNICAL INDICATORS .
1. Bullish Breakout from trendline
2. Stock made double bottom formation around 20-21 level before breakout .
3. stock has 200 SMA support when its breakout Which indicate strong upside movement .

BUY ALOK INDUSTRIES @ 24-25

TARGET 1 -28, TARGET 2 - 32

STOP LOSS 19.50

WISH U HAPPY TRADING. !!

Note

PLEASE do own study and analysis and take call at own risk !

Trade active

Note

BUY signal around 24.50-24.75 today

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previous rally 25 to 27.50 ...Profit book at 27.50 around 10 % . again stock come back to 25 level ...BUY position can taken again at 24.50-25 , 200 SMA at support and 60 % Fibonacci retrenchment also comes at 24.50-25

Note

Deliverable QTY V/S traded qty NSE as one 17-12-2021 closing is 56.78% shows big delivery position are taken in this stock .

Note

stock at sufficient correction due to omicron fear, it will made bottom around 22-22.50 where strong support on yearly, monthly and weekly chart . ! looking at deliverable qty last two days, 65%, 56%. apx . buy on deep will be profitable stretegy for ALOK Ind from this price. !

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Bullish Alert : weekly breakout candle seen on weekly chart of ALOK IND. from 26.50 level stock can jump to 28-30-32 in few session. !!

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TARGET 1 -28 hit as on 10/01/2022
happy trading.!!

Trade active

Note

TARGET 2 - 30 HIT AS ON 10/01/2022

Trade active

Note

target 32 hit...!

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HAPPY TRADING.!!

Trade closed: target reached

champtrade111

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