Alankit Limited
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In-depth trading ideas
Alankit - C&H pattern - Best Above 27. SL 22Alankit - which is in to Egoverance and is registrar to many IPO's is
perferred registrar for most of the PSU's.
Q1 2024 - Results have come really good. !!
The stock has formed C&H pattern.
One can enter above 27 with strict stop loss of 22.
Disclaimer : Educational Content. Please do you own research !!
Alankit Ltd Good Stock For Long Term Equity Holders Long Term Target 200
Technical : Multiple Top Breakout Short Term Target 56/60
Fundamental Good : (Fundamental Medium Term Target 85)
1. Mkt Cap (Rs. Cr) 345.35
2.Return% on Mkt. Cap Quarterly : 5.85%
3.Return% on Mkt. Cap Yearly : 3.88%
4.Debt (Rs. Cr) : 0.10
5. Stock PE : 25.81
6. Return On Equity : 51%
7. Growth : 488.94% Yearly
Alankit Ltd - Potential breakout underway- Buy setupAlankit Ltd seems to be consolidating close to its all time high levels.
Pattern formation is similar to Inverted Cup n handle with neckline around 38-39 level as visible on the weekly charts.
A potential breakout seems to be underway to the upside if it closes above today's high of 39.40 with higher volumes.
Trade strategy :
Buy above 39.40
1st Target @ 48
2nd Target @ 58
Stop loss - below recent low of 30
Risk/reward ratio : 2.06
Disclosure : The view expressed above is my own analysi
Alankit:₹22.60 support ₹18 res:₹30Alankit:₹22.60 is broken it triple bottom support.
This is to show the charting technic to find probable supports in future,
First drawing a line with the Two latest peaks (blue) getting a maximum slope, and make a parallel channel to it, will definitely find a support in coming days.
Same way we can draw more further supports by meeting to recent bottoms and draw the line,
then a future resistance line projecting a parallel line to that, as shown in green here.
This is not merely a study















