ALOK INDUSTRIES -- INTRADAY SETUP - 13/04/2022

ALOK INDUSTRIES == 15 MIN CHART -- INTRADAY 13/04/2022

1. Higher high pattern seen on chart RSI above 60 level strong bullish .

2. trendline support at 28.25 level where channel breakout above 28.75 is BUY level stock currently trading at 28.60 level

3. if stock fall around trendline support 28.25 is another BUY level Where risk reward ratio more at reward and min risk side.

4. MACD above center and signal line

5. Stock currently trading above all SMA 20,50,100,200 strong bullish


BUY ALOK IND above 28.75

TARGET 29.25- 29.50

stop loss 28

** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk

HAPPY TRADING !

Comment:

last 15 min candle is doji , idea is buy above high of this doji candle which is 28.75
for up trend confirmation and lower channel breakout.

Comment:

WE got opportunity to buy at trendline support 28.25 level .. so see the next . !
11.00 am - 13/04.2022

Comment:

at this level risk is minimum since buy at 28.25 stop loss is 28 target revised from here 28.75, 29.25 !

Comment:

negative turn nifty head and shoulder pattren till now stop hit alok at 28. !