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. !!
