ALICON:- 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...
Alicon 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...
#alicon
#aliconcastalloy
After a strong breakout of 700-720 area, stock is nearing for another breakout.
Any weekly close above 910 will trigger more upside.!!!
#vr
ALICON :: 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...
DAILY 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...
The stock looks good for short-term investment and expected to get 10-20% from 560 zones.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Stock 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.
![ALICON: [INVESTMENT] ALICON HAS MORE POTENTIAL](https://s3.tradingview.com/v/vRu9iJ7y_mid.png "[INVESTMENT] ALICON HAS MORE POTENTIAL")
