ALICON
Alicon Castalloy LimitedALICON:- Stock has given breakout that too with very good volume now if we want to buy stock then we have to wait for retest keep an eye on this stock
You can plan the trade as per your risk appetite now
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Alicon Castalloy Ltd - 21.01.2022Alicon Castalloy Ltd - 21.01.2022
The stock is trading @ 801 levels
There is a Support Zone @ 798 levels
The prices are below EMA
There is an Engulfing Bear at Support
There is a MACD Bullish Divergence in Daily Chart
There is a Stochastic Bullish Divergence in Daily Chart
RSI is overbought in Monthly Chart
Let the prices go above 818
watch out for the price action
ALICON :: LONG SETUPALICON :: LONG SETUP
---------------------------
-- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability::
----------------------------------------------
-- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
DAILY SWING CALL // Monday 14th of June 2021 / NSE:ALICON / NEXTDAILY SWING CALL // Monday 14th of June 2021 / NSE:ALICON
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 554.6
TARGET: 638+ (15% Around)
STOP LOSS: 500 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Alicon - CMP: 546 Rounding Bottom BreakoutStock is in positive bios. It has given rounding bottom breakout on the daily chart. It has also given Rounding bottom breakout on the weekly chart. All oscillators are indicating the continuation of bullish movement. We can expect rounding bottom pattern target of 595 in the near term. We can also expect a target of above 700 to 780 in the mid-term time frame.