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 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...
>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...
