ALOK INDUSTRIES -- POSITIONAL -- MARCH 2022
ALOK INDUSTRIES -- positional pick on march 2022 ..
1> stock taken support on Daily Chart consecutive 4th time ..on chart seen up 4th up arrow around 21-22 is strong support area from where stock bounce back last 2 sessions.
2> RSI seen double bottom formation at support area
3> Potential upside is 20.30% FROM CMP@23.85 TARGET 27-30-32 with stop loss 20 Risk reward ratio is very good from this level
4> Good volume seen at support level
BUY ALOK INDUSTRIES @ 23.85
TARGET 27-30-32
STOP LOSS 20
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK !!
** Historical data seen fear is best opportunity to get highest return in stock market .!!
HAPPY TRADING. !!
1> stock taken support on Daily Chart consecutive 4th time ..on chart seen up 4th up arrow around 21-22 is strong support area from where stock bounce back last 2 sessions.
2> RSI seen double bottom formation at support area
3> Potential upside is 20.30% FROM CMP@23.85 TARGET 27-30-32 with stop loss 20 Risk reward ratio is very good from this level
4> Good volume seen at support level
BUY ALOK INDUSTRIES @ 23.85
TARGET 27-30-32
STOP LOSS 20
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK !!
** Historical data seen fear is best opportunity to get highest return in stock market .!!
HAPPY TRADING. !!
Comment:
Due to overall pressure on nifty due to war period stock come to best buy price 22-24 accumulate as much as possible for short to mid-term .. this area. i am not seen going bellow 20 .!
Comment:
breakout of lower channel seen today.. upmove on card now. ! 22/03/2022
Comment:
stock has hit 29 and around resistance trend is still bullish 200 sma support around 26.50 where bounce back can seen . ! 07/04/2022
Comment:
ALOK industries HIT TARGET 27 --strong Bullish zone -- 27/04/2022