ALOK INDUSTRIES ...on Hourly chart update today 08/02/2022 .. triangle formation is in progress , at present bellow 20,50,200 SMA ..but strong support line at 27.50 taken support today around this level consecutive 3rd time and double bottom formation at trendline also seen ..triangle breakout bullish line seen at 29 stock will be bullish again once cross and close hourly candle above 29 .. next target will be 32 and so on
IF 27.50 broken and hourly candle close bellow 27.50 trend will be bearish bellow 27 to short term downside can hit 25 Level .
RSI Seen double bottom formation at hourly chart which is positive sign at present.
THIS IDEA IS FOR EDUCATIONAL PURPOSE.
** HAPPY TRADING.!
IF 27.50 broken and hourly candle close bellow 27.50 trend will be bearish bellow 27 to short term downside can hit 25 Level .
RSI Seen double bottom formation at hourly chart which is positive sign at present.
THIS IDEA IS FOR EDUCATIONAL PURPOSE.
** HAPPY TRADING.!
Comment:
last 15 min candle turn green ..lets see tomorrow. !
Comment:
strong support at 27.50 hold ..And continue bottom formation seen at around 27.50
this can be sign of bottom formation this level. ! 09/02/2022
this can be sign of bottom formation this level. ! 09/02/2022
Comment:
still triangle have to breakout upside above 29 to trend reversal !
Comment:
BUY ONLY ABOVE 29.. !
Comment:
ALOK triangle breakout upside ..BULLISH FROM NOW.. ! 10/02/2022