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%
Alankit 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 @...
Alankit:₹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...