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Alok

Alok Ind: Chart set up, imp Entry levels and Potential targetImportant Levels are mentioned in the chart itself. Plan to put money in staggered manner. Target 28 / 32 SL 14 on weekly closing basis Plan your trade accordingly....!!! Take care & safe trading..>!!!! Like and Follow Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ALOKINDSLong
by indiamarketoutlook
ALOK INDUSTRIES -- POSITIONAL -- MARCH 2022ALOK 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. !!
NSE:ALOKINDSLong
by champtrade111
ALOK INDUSTRIES -- INTRADAY SETUP - 13/04/2022ALOK 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 !
NSE:ALOKINDSLong
by champtrade111
ALOK INDUTRIES - UPDATE - 08/02/2022ALOK 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.!
NSE:ALOKINDS
by champtrade111
2
ALOK INDUSTRIES -- BULLISH W PATTERNALOK INDUSTRIES ..corrected from 35 sub level to 28.50 level and todays 1 hour candle form BULLISH W PATTERN ON CHART. stock seen trendline support as well as 200 SMA support at breakout line .. RSI at bullish from oversold level at hourly chart, From current level cmp 29.25 stock has potential upside 20-30% IN Short term. BUY ALOK INDUSTRIES. @ 29.25 TARGET 1 - 32 TARGET 2 - 35 stop loss 27 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..PLEASE DO OWN ANALYSIS ..! take call at own risk ,! HAPPY TRADING !
NSE:ALOKINDSLong
by champtrade111
9
ALOK INDUSTRIES -- INTRADAY SETUP - 27/01/2022ALOK INDUSTRIES pick as intraday as on 27/01/2022 .. as per technical setup ALOK INDUSTRIES will be bullish if break 30 level intraday for target 31-32 and bearish if break downside 28.50 for target 27.50-27. market will be volatile on 27/01/2022 cause of fed policy on tomorrow so that after effect can be seen on 27/01/2022 , so both side target is given ..base on technical levels back of volatility in market. all support resistance are given on chart. as well as all buy, sell , stop loss level aslo define. *** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..take call at own risk. !! HAPPY TRADING. !
NSE:ALOKINDS
by champtrade111
3
ALOK INDUSTRIES -- MULTIYEAR BREAKOUTALOK INDUSTRIES this co is largest fully integrated textile co in cotton and polyester segment, recently cotton price has seen big positive move constantly last few month. co posted good result YOY, good revenue and profit margin seen increase, fundamentals of co is seen improve. Multiyear Breakout seen in weekly chart ..last few trading session volume seen increase ..Strong bullish technical indicators currently stock has big potential upside. stock was consolidating around 22 to 32 level last few months this consolidation has breakout with huge volume and this uptrend will be continue from this level. Technical Indicators. >> Mulitiyear trendline and triangle breakout >> RSI 64 in daily chart Strong bullish >> MACD above center and signal line >> stock trading above 20,50,100,200 SMA BUY ALOK INDUSTRIES @ 31.55 TARGET 1- 35-38 ( short term - 1 month) TARGET 2 -45 48-52 ( mid term- 6 month) stop loss 22 ** PLEASE DO OWN ANALYSIS ..this idea For Educational .. call at own risk HAPPY TRADING. !!
NSE:ALOKINDSLong
by champtrade111
ALOK INDUSTRIES -- BULLISH BREAKOUTALOK INDUSTRIES on daily timeframe chart last 2 trading sessions seen strong bullish breakout. potential upside can be around 25-30% from current level cmp 24.95 TECHNICAL INDICATORS . 1. Bullish Breakout from trendline 2. Stock made double bottom formation around 20-21 level before breakout . 3. stock has 200 SMA support when its breakout Which indicate strong upside movement . BUY ALOK INDUSTRIES @ 24-25 TARGET 1 -28, TARGET 2 - 32 STOP LOSS 19.50 WISH U HAPPY TRADING. !!
NSE:ALOKINDSLong
by champtrade111
4
ALOK INDUSTRIES -- INTRADAY SETUP - 10/01/2022ALOK INDUSTRIES another pick of intraday on 10/01/22 due to extremely Bullish indicator on hourly chart. ! Stock has edge of strong Resistance 27.50 ..at cmp 26.55 this resistance can retest on intraday and if breakout happens it will be very strong upside target near term. but on intraday basis keep 1st target 27.25-27.50 . At trendline after some correction heikin ashi candle following green candle combination form indicate reversal bullish trend ...keep buy level just above last small green candle at above 26.70 TECHNCIAL INDICATORS. >> Doji Following bullish candle >> MACD above center and signal line >> RSI Bullish >> At trendline breakout BUY ALOK INDUSTRIES @ 26.70 TARGET - 27.25 - 27.50 STOP LOSS 25.90 ** PLease do own anlysis ..this idea can help for same..take call at own risk. !! HAPPY TRADING. !! *
NSE:ALOKINDSLong
by champtrade111
ALOK INDUSTRIES -- POSITIONAL -BUYALOK INDUSTRIES Bullish TRIANGLE BREAKOUT seen on 15 min chart. STOCK bottom out at strong support 22- 22.50 level and can HIT TARGET 25-26 in 3-4 session. Positional Buy 23.10 Target 25-26 ( 3-4 Days ) stop loss 20.50 techncial indicators. 1. TRIANGLE Breakout IN 15 MIN Chart 2. double bottom formation at strong support 22 level 3. TREND-LINE Breakout 4. MA ADX BUY signal 5. Bullish Moving Avg Crossover * HOPE THIS IDEA will help to your analysis ..!! * Wish u Happy Trading .!!
NSE:ALOKINDSLong
by champtrade111
3
Alok Industries - Strong Breakout Hello Everyone, Let's have a look at the technical weekly chart of Alok Industries, you can see that Alok Industries has given a range breakout above 26.50 with strong volume. Alok Industries stock was trading in the range of 19-26 for almost a year and now given break out. Today also the stock has hit a low of 25.25 and with strong price action made a comeback and recorded a high of 31.70 and at the end of day closed at 31.05 with strong volume of 18.50 crores in a day. The price action with strong volume in Alok Industries shows that initially it will try to attend the 40.30 levels on cards and may consolidate near 40 levels before taking a next move. However it looks like the stock is ready for strong move and probability of breaking the previous highs of 61.40 is visible. The company is taken over by Reliance Industries and JM Financial Asset Reconstruction Co. Reliance is the sole owner of the company and JMFARC is acting as a trusty of the company with a joint total holding of 75% . Reliance Industries also holding 250 crores OCPS (Optionally Convertible Preferential Shares) which they can convert within 18 months from the date of implementation of resolution plan or can keep up to 10th anniversary. Further detailed information will be updated later on the part of OCPS. The company during the take over by Reliance Industries was operating with 25-30% capacity and gradually they are working on the increase in capacity utilization of the company which can be seen from the 4th quarter results of the company. So going forward the company is likely to perform well and hence it is a long term growth story. The information updated here is only for Educational Purpose and not a recommendation to Buy or Sell, please consult your financial advisor before taking any decision.
NSE:ALOKINDSLong
by ssveducation