Stock is giving BO after almost 1 year above trendline, follow chart for tgts and support.
Here is the perfect example of Wyckoff accumulation method which is in going in Alok industries . 1)so what is Wyckoff method? it is nothing but the silent movements of big investors who moves markets for their profitability. Their are mainly two phases 1.accumulation phase where they accumulation max quantity of stokes without pumping the price 2.distribution...
Screener Strategy RSI -> Cross-up - 30 Stochastic %D -> Below 30 Stochastic %k -> Above %D Volume >500k Basically what this indicates is that the stock has gained upward momentum as the Stochastic oscillator has crossed and the stock is not within the RSI zone. The volume filter is kept to weed out any illiquid stocks. My opinion is to go LONG
A strong BO above these TL would open a new territory for Alok.RSI already indicates something.