Alkali MetalsThe stock seems to be breaking out from a good resistance zone, can the stock sustain till close this break out? Let's see!
ALKALI trade ideas
alkali metals looks bullish in medium to long termRound bottom is formed here in weekly time frame, confirmed by breakout with good volume, recently price retested the breakout level and reversed to resume its uptrend.
also hidden bullish divergence seen in weekly
sl - 61, tgt - 100-110 range
Alkali Metals LongLong. CMP 72. SL 66 TGT 82.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Heading towards 100 again!BSE:ALKALI scrip is moving in a triangular pattern and have given a trend-line break out
MACD turning green too!
Go Long for 100!
Alkali Metals is forming rounding bottom!The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish. When buyers enter the market at a low price, it increases the demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.
