Alicon castaloys - Ready for upmove above 630i will buy Alicon if it close above 630 on closing basis.
ALICON trade ideas
#ALICONBullish Wedge
Reversal confirmation
2 BH>50%CH candles
TGC
CCI(D) crosses 100
CCI(M) >100
Target 686 / 716 /764
Forms highest high on the leg
H >636 and C >631.80
Alicon Castalloys Ltd - Ready for upmoveAlicon Castalloys Ltd - Ready for upmove and target of 825 and SL of 550.
#ALICONBullish Wedge
Reversal confirmation
2 BH>50%CH candles
TGC
CCI(D) crosses 100
CCI(M) >100
Target 686 / 716 /764
Forms highest high on the leg
H >636 and C >631.80
Alicon CastalloyAccumulate 650-630 (up-to 600 can be accumulated)
Target
700
730
750
780
800
SL
below 550 CBSL
For Educational purpose only, Not responsible for any loss
#ALICONRetracement from channel
support of 545 on Weekly basis
when
Monthly CCI>100
Next level at 750 if moves up with strength candles
Alicon CastalloyThe stock has given a trianglular break out and that too with strength. Momentum seems to be on its side and strength can be seen going ahead! Trailing SL of 566
Alicon Castalloys - Heading towards a new high?Alicon Castalloys - Heading towards a new high? Based on the price and volume action on June 1st 2017, I am of the opinion that it is heading higher.
1. Close is higher than Open
2. Open and Close are in a narrow price band
3. Higher than average volume
4. RSI in uptrend
Disclosure: Invested and biased. Not a recommendation to buy/sell/hold and sharing only for academic purposes.
ALICON Long positionalNSE:ALICON
ALICON Long positional
Entry @ 485.50
Stop Loss @ 463
Target 1 525
Target 2 535
