Breaking The Following Channel NSE:ALOKINDS is breaking the Short Term Falling Channel after Getting Accumulated in 24-25 Zones, if it's able to Close above 30 we can see Levels of 40 Very Quickly. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Alokindustries
Alok Industries Swing Long- Alok Industries is a stock that has big Fair Value Gaps and Imbalances too
- Your Goal as a trader or a swing trader should be to play it our when you see it Trading at the sweet spot and when the downside is restricted as well.
- Try to maximize when you see it forming a base on an LTF I mean 1H especially.
- Watch out for this stock it can show a huge expansionary move if not we can simply keep our stop loss infront.
ALOKINDAlokind is near a Triangle breakout in 1wk time frame. You can consider this stock for long term. MID term targets seems a little less so only LONG TERM investors can jump into it.
NOTE: Always study or do your analysis before investing. This is just my view and not any recommendation to buy or sell.
Alok Industries jumps after Reliance Industries invests $396 mln
Reliance Industries RELIANCE1! on Tuesday said it invested 33 bln rupees ($396.2 million) in ALOK by subscribing to preferential shares of co.
RELI, the largest shareholder of ALOK, holds a 40% stake in co
It's a penny stock . Today's news this stock create upper circuit.
These are the Level Details here for Stop Loss :
20.50
21.10
22.50
Alok Industries Ltd.: Right time to BuyAlok 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.
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