ALANKIT LIMITED

NSE

ALANKIT

NSE:ALANKITA

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...

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 @...

Watch out for the break out and enter if sustains with good volumes. Going forward it can be a Multibagger.

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...