Important 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..>!!!!
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Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong...
After breaking out the, price is consolidating and may come little lower. Closing above 18.4 will be good sign for being mor bullish. Around above 40% gain as of now
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...
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...
ALOK INDUSTRIES INTRADAY PICK as on 23/03/2022
BULLISH SIGNS ON DAILY CHART
>> Triangle pattern Breakout on daily chart
>> Channel breakout seen
>> Resistance breakout at 25 level
>> volume increase at breakout level
BUY ALOK INDUSTRIES above 25.60 intraday
TARGET 1 - 26
TARGET 2 - 27
stop loss 24.70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own...
ALOK 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...
ALOK 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...
ALOK 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...
ALOK 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...
Alok Industries Ltd is engaged in the business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.
CMP: 32.85
Target: 38 and 44
Breakout consolidation phase now on big goal after retrace. { 32.25 } Use buy on dip and five time investment strategy to get maximum returns.
Feel free to share your feedback and...
ALOK 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...
ALOK 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...
ALOK 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 from a channel and retest of 20EMA with 50% fib retracement forming a flag pattern
>A buy trade can be initiated between 26.5 to 28 for at least 20% potential upside in short term with a stoploss of 24.5
>Favorable risk reward ratio of almost 5
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...
